5145 Golden Ln Las Vegas, NV 89119
- Commercial real estate
- 4,792 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5145 Golden Ln
- Year built
- 1977
- Lot size
- 0.11 lot acres
- Property size
- 4,792 SF
- Property type
- Commercial real estate
- APN
- 162-27-617-006
Description
This exceptional investment opportunity presents a four-unit apartment building located in Las Vegas, Nevada's desirable Strip/University submarket. The property, situated at 5145 Golden Ln, boasts a total of 4,792 square feet, with 3,648 square feet of net rentable space. Built in 1977 and renovated in 2019, this Class C property features a mix of unit sizes: one three-bedroom, one two-bedroom, and two one-bedroom units. Each unit includes a private single-car garage, in-unit washer/dryer, and patio access. The property benefits from a 100% occupancy rate, generating a current NOI of $33,500 and a 5.40% cap rate. A pro-forma analysis projects a NOI of $44,000 and a 7.10% cap rate, indicating significant value-add potential. The property sits on a 0.11-acre lot and is zoned RM18. Conveniently located within two miles of the University of Nevada Las Vegas, Harry Reid International Airport, and the Las Vegas Strip, the property enjoys proximity to shopping, dining, and entertainment. Community amenities include a pool and BBQ grills. HOA covers water, sewer, and trash, further enhancing the investment appeal. Individual electricity meters ensure efficient utility billing. This property offers a compelling combination of strong current performance and significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $620,000, representing $155,000 per unit and $129.38 per square foot.
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
- -115.1385424
- Latitude
- 36.0963213
