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Linn Lane Apartments 1967 Linn Ln 6 Unit Apartment Building $1,015,628 CAD ($169,271 CAD/Unit) 6.50% Cap Rate Las Vegas, NV 89156
Executive Summary
Discover an exceptional investment opportunity in a tranquil residential setting, perfectly blending privacy with unparalleled convenience. This unique property features (6) UNITS, offering a diverse portfolio for savvy investors. It includes (4) two-bedroom, one-bathroom units and (2) separate comfortable studio units, providing a range of living options. Significant VALUE-ADD potential exists through the current under-market rents. Residents will appreciate the serene environment and the added security of a gated property, ensuring a peaceful lifestyle. The generous 8,276 square foot lot offers ample outdoor space. Strategically located, this property provides easy access to Lake Mead Blvd with a variety of shopping destinations. This is an ideal acquisition for those seeking a robust income-generating asset in a desirable quiet living community.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$78,599
|
$24.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,599
|
$24.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,545
|
$3.92
|
| Net Operating Income |
$66,054
|
$20.64
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $78,599 |
| Annual Per SF | $24.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $78,599 |
| Annual Per SF | $24.56 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,545 |
| Annual Per SF | $3.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $66,054 |
| Annual Per SF | $20.64 |
Property Facts
| Price | $1,015,628 CAD | Property Subtype | Apartment |
| Price Per Unit | $169,271 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 3,200 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2020 |
| Price | $1,015,628 CAD |
| Price Per Unit | $169,271 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,191 CAD | 750 |
| Studios | 2 | $910.69 CAD | 550 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 140-21-702-004 | Improvements Assessment | $41,064 CAD (2026) |
| Land Assessment | $71,691 CAD (2026) | Total Assessment | $112,756 CAD (2026) |
Property Taxes
Parcel Number
140-21-702-004
Land Assessment
$71,691 CAD (2026)
Improvements Assessment
$41,064 CAD (2026)
Total Assessment
$112,756 CAD (2026)
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Linn Lane Apartments | 1967 Linn Ln
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