1843 Jefferson St North Las Vegas, NV 89030
- Commercial real estate
- 4,284 SF
- 0.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1843 Jefferson St
- Year built
- 1979
- Lot size
- 0.23 lot acres
- Property size
- 4,284 SF
- Property type
- Commercial real estate
- APN
- 139-23-311-125
Description
This 7-unit apartment building, located at 1843 Jefferson St in North Las Vegas, NV, presents a compelling value-add investment opportunity. The property boasts 4,284 square feet on a 0.23-acre lot, featuring a mix of two-bedroom units and one non-conforming studio. Built in 1979, the two-story building includes partially renovated interiors with modern vinyl plank flooring. Amenities include a gated courtyard and ample surface parking. The property benefits from its proximity to the $260 million NLV Gateway redevelopment project, creating significant potential for rental growth. Its strategic location near major freeways (I-11 and I-15), North Las Vegas City Hall, and North Vista Hospital enhances its appeal to tenants and investors alike. The current NOI is $54,598, with a pro-forma NOI of $65,211, yielding a 6.00% cap rate and a pro-forma cap rate of 7.17%. The asking price is $910,000, representing a price per unit of $130,000 and a price per square foot of $212.42. The property is zoned R-A/R-2 and has a Clark County APN of 139-23-311-125. This fee-simple ownership opportunity offers investors a chance to capitalize on the revitalization of Downtown North Las Vegas. Drive-by only
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.12642511754
- Latitude
- 36.193719670608
