For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

5145 Golden Ln Las Vegas, NV 89119

Sponsored
For Sale
$620,000

Four-plex, 100% Occupancy, High NOI

Property size:
4,792 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a four-unit apartment building located in Las Vegas, Nevada's desirable Strip/University submarket. The property, situated at 5145 Golden Ln, boasts a total of 4,792 square feet, with 3,648 square feet of net rentable space. Built in 1977 and renovated in 2019, this Class C property features a mix of unit sizes: one three-bedroom, one two-bedroom, and two one-bedroom units. Each unit includes a private single-car garage, in-unit washer/dryer, and patio access. The property benefits from a 100% occupancy rate, generating a current NOI of $33,500 and a 5.40% cap rate. A pro-forma analysis projects a NOI of $44,000 and a 7.10% cap rate, indicating significant value-add potential. The property sits on a 0.11-acre lot and is zoned RM18. Conveniently located within two miles of the University of Nevada Las Vegas, Harry Reid International Airport, and the Las Vegas Strip, the property enjoys proximity to shopping, dining, and entertainment. Community amenities include a pool and BBQ grills. HOA covers water, sewer, and trash, further enhancing the investment appeal. Individual electricity meters ensure efficient utility billing. This property offers a compelling combination of strong current performance and significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $620,000, representing $155,000 per unit and $129.38 per square foot.

Property Features for 5145 Golden Ln

General Information

Property type
Multifamily properties
Square Feet
4,792 SF
Class
C
Lot Size
4,792 SF

Building Details

Year Built/Renovated
1977/2019
Buildings
1
Stories
2
Units
4

HighLights

  • $620,000 asking price for this stabilized, value‑add multifamily investment property.
  • Four‑unit apartment building with 3,648 square feet of net rentable space, located in Las Vegas, NV.
  • 5.40% current cap rate, with a pro‑forma cap rate of 7.10%.
  • 100% occupancy, generating $33,500 in current NOI and a pro‑forma NOI of $44,000.
  • Built in 1977, renovated in 2019, situated on a 0.11‑acre lot in the desirable Strip/University submarket.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Las Vegas
County
Clark
State
Nevada
Longitude
-115.1385424
Latitude
36.0963213

FAQs

What type of property is this?
Multifamily property - Four-plex, 100% Occupancy, High NOI
Where is this multifamily property located?
The property is located at 5145 Golden Ln Las Vegas, NV.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: $620,000 asking price for this stabilized, value-add multifamily investment property.; Four-unit apartment building with 3,648 square feet of net rentable space, located in Las Vegas, NV.; 5.40% current cap rate, with a pro-forma cap rate of 7.10%.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message