2511 Sunrise St Las Vegas, NV 89101
- Commercial real estate
- 1,576 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2511 Sunrise St
- Year built
- 1959
- Property size
- 1,576 SF
- Property type
- Commercial real estate
- APN
- 139-36-410-034
Description
This exceptional three-unit apartment building, located at 2511 Sunrise St, Las Vegas, NV 89101, presents a compelling investment opportunity. Built in 1959, this 1,576 square foot property sits on a sizable 6,970 square foot lot, zoned RM18, allowing for potential future development within a Mid-Intensity Suburban Neighborhood land use plan. Currently boasting 100% occupancy, the property generates a 6.14% cap rate, projected to increase to 8.29% with planned rent adjustments. Each of the three units offers approximately 525 square feet of living space, contributing to a strong pro-forma NOI of $27,356. The asking price is $330,000, or $110,000 per unit, representing a compelling price per square foot of $209.39. This turnkey investment offers significant potential for both immediate income and long-term appreciation in a highly desirable Las Vegas location. The property's strong performance, combined with its prime location and development potential, makes it an ideal addition to any investment portfolio. No HOA fees further enhance the investment's attractiveness. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving Las Vegas neighborhood.
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
- -115.1154419
- Latitude
- 36.160714
