2304 Clifford Ave Las Vegas, NV 89104
- Commercial real estate
- 8,832 SF
- 0.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2304 Clifford Ave
- Year built
- 1962
- Lot size
- 0.28 lot acres
- Property size
- 8,832 SF
- Property type
- Commercial real estate
- APN
- 162-01-211-002 and 162-01-211-003
Description
This exceptional investment opportunity presents a 12-unit apartment building situated on a 0.28-acre lot in the desirable Las Vegas, NV, 89104 zip code. The property consists of two, two-story buildings totaling 8,832 square feet, constructed in 1962 and zoned for High Density Residential (R-4). Currently boasting 75% occupancy, the property offers a compelling return on investment. The twelve units comprise a mix of one-bedroom, one-bathroom units (approximately 571 square feet) and five two-bedroom, one-bathroom units (approximately 736 square feet each). Each building also includes a shared storage/laundry room (approximately 165 square feet). The property includes 12 parking spaces and is served by all major public utilities including NV Energy, Las Vegas Valley Water District, City of Las Vegas, Cox Communications/CenturyLink, Southwest Gas Corporation, and Republic Services. The asking price is $1,500,000, representing a price per unit of $125,000 and a price per square foot of $169.84. The property's APN is 162-01-211-002 and 162-01-211-003. This is a ground lease-free property offering significant potential for future growth and income generation in a thriving Las Vegas location. The property's strong rental history and convenient location make it an ideal addition to any investment portfolio.
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
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.11616404
- Latitude
- 36.15510731
