1420 Putnam Ave North Las Vegas, NV 89030
- Commercial real estate
- 6,913 SF
- 0.18 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1420 Putnam Ave
- Year built
- 1954
- Lot size
- 0.18 lot acres
- Property size
- 6,913 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents an eight-unit apartment building located at 1420 Putnam Ave, North Las Vegas, NV 89030. The property, built in 1954, boasts a total of 6,913 square feet across two stories and sits on a 0.18-acre lot. Currently operating at full occupancy, this Class C multifamily property offers a compelling 6.00% capitalization rate at an asking price of $1,500,000. All eight units have undergone recent renovations, including new central air conditioning, fresh paint, and new windows. The property benefits from excellent tenants with a consistent and timely payment history. The ample parking provides 1.16 spaces per 1,000 square feet. Zoned R-2, this property presents a strong cash flow potential and significant upside for a savvy investor. The pride of ownership is evident in the extensive improvements made over the past four years. This turnkey investment is ready for immediate income generation. The property's location in North Las Vegas, Clark County, Nevada, offers convenient access to local amenities and transportation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.123419
- Latitude
- 36.206138
