2204 Sunrise Ave 7 Unit Apartment Building $1,308,353 CAD ($186,908 CAD/Unit) 6.75% Cap Rate Las Vegas, NV 89101

Northcap Multifamily is proud to present 2204 Sunrise Ave Apartments built in 1955 with recent updates and renovations. This property consists of seven total units comprised of two (2) one bedroom, one bath units (1B/1b); and five (5) two bedroom, one bath units (2B/1b). The property is located in a well-established area of Downtown East and presents an opportunity for investors seeking income producing assets in a high-demand rental market. The property is known for its steady rental demand driven by proximity to downtown employment centers and entertainment options. With Las Vegas’ ongoing urban revitalization, this property is well-positioned for potential value-add strategies, such as renovations or repositioning to capitalize on the area’s growth.
2204 Sunrise Ave, Las Vegas, NV 89101 is situated in the Downtown East neighborhood, a vibrant and evolving area within the heart of Las Vegas. This property benefits from its proximity to the Fremont East Entertainment District, a dynamic corridor known for its eclectic mix of restaurants, bars, and cultural attractions. The location offers convenient access to major thoroughfares, including Las Vegas Boulevard and Interstate 15, providing connectivity to the broader Las Vegas metropolitan area. The 89101 zip code is part of an Opportunity Zone, which may offer tax advantages for investors looking to develop or hold properties in this area. The surrounding neighborhood features a mix of residential, multifamily, and commercial properties, contributing to a diverse urban environment with growth potential. Nearby points of interest include the Fremont Street Experience, the Arts District, and downtown Las Vegas’ business and government hubs, all within a short distance.