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Desert Aire Apartments 1076-1112 Sierra Vista Dr 32 Unit Apartment Building $7,499,040 CAD ($234,345 CAD/Unit) Las Vegas, NV 89169
INVESTMENT HIGHLIGHTS
- Significant Lease Up & Value-Add
- Walking Distance to the Convention Center and a Short Drive to the Strip
- Located in One of the Fastest-Growing Metro Economies in the U.S.
- Spacious 2- and 3-Bedroom Units
- Two-Story Garden-Style Construction
- Strong Occupancy and Proven Rental Demand
EXECUTIVE SUMMARY
The Mogharebi Group is pleased to present the Desert Aire Apartments, a well-maintained apartment community ideally located just minutes from the world-famous Las Vegas Strip and the Las Vegas Convention Center. Spanning four parcels with four two-story buildings, this rare offering combines strong in-place performance with exceptional long-term upside in one of the nation’s most dynamic and resilient rental markets. The property’s proximity to major employment centers, world-class entertainment, and ongoing redevelopment activity makes it an attractive investment opportunity for both private and institutional investors.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,034 CAD | 705 |
| 2+1 | 15 | $1,654 CAD | 979 |
| 2+2 | 4 | $1,723 CAD | 1,002 |
| 3+2 | 12 | $2,068 CAD | 1,223 |
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $697,674 CAD (2026) | |
| Land Assessment | $277,906 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $419,768 CAD (2026) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$277,906 CAD (2026)
Improvements Assessment
$419,768 CAD (2026)
Total Assessment
$697,674 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Desert Aire Apartments | 1076-1112 Sierra Vista Dr
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