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Desert Aire Apartments *PRICE REDUCTION* 1076-1112 Sierra Vista Dr 32 Unit Apartment Building $7,146,342 CAD ($223,323 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
*PRICE REDUCTION* 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
- Offering Memorandum
- Operating and Financials
- Title and Insurance
Financial Summary (Pro Forma - 2026) 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 - 2026) 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 | $1,221 CAD | 705 |
| 2+1 | 15 | $1,466 CAD | 979 |
| 2+2 | 4 | $1,640 CAD | 1,002 |
| 3+2 | 12 | $1,815 CAD | 1,223 |
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $698,671 CAD | |
| Land Assessment | $278,303 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $420,368 CAD | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$278,303 CAD
Improvements Assessment
$420,368 CAD
Total Assessment
$698,671 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Desert Aire Apartments *PRICE REDUCTION* | 1076-1112 Sierra Vista Dr
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