147 Westminster Way Henderson, NV 89015

This exceptional investment opportunity presents a portfolio of nineteen apartment units across four properties in Henderson, Nevada. The portfolio comprises a mix of studio, one, two, and three-bedroom units, strategically located within a two-mile radius, offering ease of management. The properties sit on a combined 0.92 acres and boast a total of 13,096 square feet of net rentable space. Built between 1942 and 1977, these seven buildings, each two stories high, are zoned RH-24, RH-36, and DR. The current NOI is $161,142, with a pro-forma NOI projected at $189,679, resulting in a current cap rate of 6.54% and a pro-forma cap rate of 7.69%. The asking price is $2,465,000, translating to $188.23 per square foot and $129,736.84 per unit. Conveniently located near major freeways (SR 582, I-11, and I-215), this portfolio offers excellent access to Downtown Henderson and the broader Las Vegas area. The properties are offered fee simple. Please note: Drive by only. Do not disturb residents.