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1932 Lirio Way 4 Unit Apartment Building $1,116,735 CAD ($279,184 CAD/Unit) 5.14% Cap Rate Las Vegas, NV 89108
INVESTMENT HIGHLIGHTS
- Value-Add Upside — Pro forma cap rate of 6.78% via straightforward rent optimization
- Desirable Unit Features — Fireplaces, private laundry, large open layouts
- Strong Rental Demand — Proximity to Summerlin, major freeways, and employment hubs
- Stabilized Income — Fully occupied by listing date with stable tenant base
- Ample On-Site Parking — Enhances tenant convenience and retention
- Well-Maintained 1988 Construction — Durable asset with minimal deferred maintenance
EXECUTIVE SUMMARY
Hyde Real Estate is pleased to present an exclusive opportunity to acquire a stabilized Class B fourplex in the high-demand Las Vegas submarket near Summerlin. Built in 1988, 1932 Lirio Way consists of four identical 2-bed, 2- bath units with desirable tenant amenities including fireplaces, private laundry rooms, and spacious living areas. With two units currently turning over, the property will be fully occupied at market-aligned rents by the time of sale, offering immediate income with significant value-add potential. The current estimated cap rate of 5.14% is poised to expand to 6.78% on a pro forma basis through modest rent adjustments. Located just minutes from US-95/215, premier shopping centers, and the Las Vegas Medical District, this asset is perfectly positioned for stable cash flow, organic rent growth, and long-term appreciation.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,116,735 CAD | Apartment Style | Garden |
| Price Per Unit | $279,184 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.14% | Building Size | 4,072 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1988 |
| Zoning | R3 - Medium Density Residential (R-3) | ||
| Price | $1,116,735 CAD |
| Price Per Unit | $279,184 CAD |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,072 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Zoning | R3 - Medium Density Residential (R-3) |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Range
- Yard
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,000 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 138-23-710-002 | Improvements Assessment | $100,666 CAD |
| Land Assessment | $77,084 CAD | Total Assessment | $177,750 CAD |
PROPERTY TAXES
Parcel Number
138-23-710-002
Land Assessment
$77,084 CAD
Improvements Assessment
$100,666 CAD
Total Assessment
$177,750 CAD
CONTACTS
-
Catherine Hyde -
Jillian Hyde -
Jeremy Hyde -
Hyde Real Estate Group at Simply Vegas
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