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100 E 1st South St - NEW - No Headaches! - Fully rented 12 units - 12 Unit Apartment Building Offered at $3,424,050 CAD at a 4.90% Cap Rate Mesquite, NV 89027
Executive Summary
12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to
everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking.
New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses
4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow
increases. Could self manage at expiration of current management agreement with ERA Brokers and
bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management.
100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking,
and off the main streets for a quieter location than many. Still room to improve it more. Picture adding
security gates, carports, or a pool area or other recreational amenities. Incredible investment
opportunity! Please do not disturb tenants.
everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking.
New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses
4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow
increases. Could self manage at expiration of current management agreement with ERA Brokers and
bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management.
100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking,
and off the main streets for a quieter location than many. Still room to improve it more. Picture adding
security gates, carports, or a pool area or other recreational amenities. Incredible investment
opportunity! Please do not disturb tenants.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,424,050 CAD | No. Units | 12 |
| Price Per Unit | $285,337 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 10,800 SF |
| Cap Rate | 4.90% | No. Stories | 2 |
| Gross Rent Multiplier | 14.7 | Year Built | 2024 |
| Price | $3,424,050 CAD |
| Price Per Unit | $285,337 CAD |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Gross Rent Multiplier | 14.7 |
| No. Units | 12 |
| Property Type | Multifamily |
| Building Size | 10,800 SF |
| No. Stories | 2 |
| Year Built | 2024 |
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100 E 1st South St - NEW - No Headaches! - Fully rented 12 units -
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