409 14Th St Las Vegas, NV 89101
- Commercial real estate
- 4,640 SF
Current Use by Public Records
- Commercial real estate
Property Details for 409 14Th St
- Year built
- 1978
- Property size
- 4,640 SF
- Property type
- Commercial real estate
- APN
- 13935111038 & 13935111039
Description
Investor alert! This stabilized, six-unit apartment building in Las Vegas, NV, presents a compelling opportunity. Priced at $850,000 ($141,667 per unit), this Class C multifamily property boasts 4,640 square feet of net rentable space across two one-story buildings, built in 1978. The property features a convenient on-site coin-operated laundry facility and ample parking. Recent improvements exceeding $50,000 include a new roof on one building, two new heat pumps, a fully renovated unit (with $16,000 in upgrades), and a 2023 parking lot resurfacing. Currently operating at 100% occupancy, this asset offers a slight value-add potential. Located in an Opportunity Zone, the property enjoys proximity to the vibrant Downtown Las Vegas/Fremont Experience and easy access to major freeways (US-95 and I-15). Note that buildings 409 and 413 must be sold together due to a shared water meter. Financial details are available upon request. The property's APN is 13935111038 & 13935111039. This is a 1031 exchange eligible property.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.1285163
- Latitude
- 36.1715671
