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    4800 Deckow Ln Las Vegas, NV 89169

    Sponsored
    For Sale
    $3,490,000

    21-Unit Apartment Complex, High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional value-add investment opportunity presents two apartment buildings situated on a 0.54-acre lot in Las Vegas, Nevada. The property, known as Kyle House Apartments, comprises 21 units spread across two, two-story buildings, constructed in 1955 and 1977. Currently boasting 100% occupancy, this multifamily complex offers a compelling return with a 3.63% cap rate and a price per unit of $166,190.48. The asking price for the entire property is $3,490,000, translating to an impressive land value of $6,000,000 per acre. The property is zoned EM and features two separate APNs: 16221801006 & 16221801009. Located at 4800 Koval Ln. and 4815 Deckow Ln, Las Vegas, NV 89169, this property presents a strong cash flow opportunity for investors seeking to capitalize on the robust Las Vegas real estate market. The property is professionally managed, generating consistent income. Please note that direct contact with on-site management or tenants is prohibited; inquiries should be directed through the appropriate channels. This is a prime opportunity for investors seeking a value-add investment or redevelopment project in a high-demand location. Further details are available upon request.

    Property Features for 4800 Deckow Ln

    General Information

    Property type
    Multifamily properties
    Lot Size
    23,522 SF

    Building Details

    Year Built
    1955
    Buildings
    2
    Stories
    2
    Units
    21

    HighLights

    • $3,490,000 asking price for a 21‑unit apartment building.
    • Value‑add investment opportunity with redevelopment potential, offering a 3.63% cap rate.
    • 100% occupancy across two, two‑story buildings totaling 21 units.
    • Built in 1955/1977, situated on a 0.54‑acre lot in Las Vegas, NV.
    • $166,190 per unit; $6,000,000 per acre land value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1325897
    Latitude
    36.1295416

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    FAQs

    What type of property is this?
    Multifamily property - 21-Unit Apartment Complex, High Occupancy
    Where is this multifamily property located?
    The property is located at 4800 Deckow Ln Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $3,490,000.
    What are key features of this property?
    This property features: $3,490,000 asking price for a 21-unit apartment building.; Value-add investment opportunity with redevelopment potential, offering a 3.63% cap rate.; 100% occupancy across two, two-story buildings totaling 21 units.
    Request Owner's contact information
    4800 Deckow Ln Las Vegas, NV 89169
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    Las Vegas, NV 89169
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4800 Deckow Ln Las Vegas, NV 89169
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