147 Westminster Way Henderson, NV 89015
- Commercial real estate
- 13,096 SF
- 0.92 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 147 Westminster Way
- Year built
- 1942
- Lot size
- 0.92 lot acres
- Property size
- 13,096 SF
- Property type
- Commercial real estate
- APN
- 179-17-210-019; 179-17-210-017; 178-01-210-123; 178-01-210-122; 179-18-310-180
Description
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.
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
- Henderson
- County
- Clark
- State
- Nevada
- Longitude
- -114.97057494797
- Latitude
- 36.037627064692
