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Property profile & analytics
FOR SALE
Apartment buildings

3909-3949 N Nellis Blvd Las Vegas, NV 89115

91,359 SF Built 1983
Property ID
US62-Q002227
Property summary
AI-generated overview

Terravita Apartments is a 100-unit multi family complex that includes a mix of renovated Seventeen (17) One-Bedroom / One-Bathroom apartments and Eighty-Three (83) Two-Bedroom/Two Bathroom apartments. The property is located in the Sunrise Manor sector of Las Vegas which is a dynamic affordable segment with Nellis Frontage and in close proximity to shopping and nearby schools. The project consists of Six (6) two story buildings sitting on 3.61 acres with gated entrances to the complex. The property also offers potential buyers with multiple exit strategies as each of the 100 units comes with its own parcel number so the complex can easily be converted to a condominium project or managed as an apartment complex. The units range in size from 555 Sq Ft - 770 Sq Ft for the 1 bed / 1 bath units to 906 sq ft - 1,005 for the 2 bed / 2 bath units. Forty-Seven (47) of the 2 bed / 2 bath units are oversized at 1,005 Sq Ft. The complex has a swimming pool and barbeque area for the tenants with each unit having its own washer and dryer, dishwasher, walk in closets, balcony area, ceiling fans and much more.

Property profile
Verified
Property type Apartment buildings
Year built 1983
Total area 91,359 SF
UPID US62-Q002227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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