Seven-Unit Apartment
2204 SUNRISE AVE Las Vegas, NV 89101
2204 SUNRISE AVE, Las Vegas, NV, 89101
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For Sale
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For sale seven-unit apartment building in Las Vegas with total size listed at 4,040 square feet.
Property Size4,040 SF
Price / SF$233.91
Days on Market17
Property Features for 2204 SUNRISE AVE
General Information
- Standard status
- Active
- Size
- 4,040 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing agency
Northcap Commercial
Listed by
Jerad Roberts · License #NV 144595
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 9:40PM Checked: Jul 22 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northcap Commercial
Investment Insights
Based on property information with market context.
This for-sale apartment building features 7 units and a total property size listed at 4,040 square feet. The asset is categorized as an apartment building and residential income property.
The property is located at 2204 Sunrise Ave in Las Vegas, Nevada 89101. For more details on the unit mix and current configuration, interested parties should inquire with the listing broker.
The property is located at 2204 Sunrise Ave in Las Vegas, Nevada 89101. For more details on the unit mix and current configuration, interested parties should inquire with the listing broker.
Key Highlights
- Seven‑unit apartment building in Las Vegas, NV
- Built in 1961
- Total building size listed at 4,040 SF
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.4k | $20.40 |
| − Vacancy | −$4.3k | −$1.06 |
| EGI | $78.1k | $19.34 |
| − OpEx | −$35.2k | −$8.70 |
| NOI | $43.0k | $10.64 |
4,040 SF · lease $20.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$613.9K
$537.2K – $716.2K
NOI $42,972 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,719 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale seven-unit apartment building in Las Vegas with total size listed at 4,040 square feet.
Where is this apartment building located?
The property is located at 2204 SUNRISE AVE Las Vegas, NV.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Seven‑unit apartment building in Las Vegas, NV; Built in 1961; Total building size listed at 4,040 SF
