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**Seller Financing Available** 2630 Sherwood St 20 Unit Apartment Building $4,046,772 CAD ($202,339 CAD/Unit) 5.98% Cap Rate Las Vegas, NV 89109
INVESTMENT HIGHLIGHTS
- Sherwood 2630 Apartments offer 20 spacious units in a gated and enclosed two-story building.
- 90% of the units have been recently renovated.
- An attractive mix of 12 one-bedroom / one-bathroom and eight two-bedroom / one-bathroom units.
- The exterior is freshly painted, the building is equipped with security cameras, and there is on-site laundry.
EXECUTIVE SUMMARY
**Seller Financing Available** Sherwood 2630 Apartments is a 20-unit garden-style apartment community located in the Winchester neighborhood of Las Vegas. Situated right off Sahara Boulevard, between Paradise Road and Maryland Parkway, and just north of the Las Vegas Country Club. The property sits less than five miles from the Harry Reid International Airport, approximately three miles from the University of Nevada Las Vegas, and within walking distance of The World Famous Las Vegas Strip. Residents enjoy a premium, central location with easy access to the Las Vegas Freeway (US Interstate 15) just two miles west. Immediate neighborhood conveniences and services include Smith’s Grocery Store, CVS, Walgreens, Bank of America, and Chase Bank.
The property is surrounded by multiple dining, entertainment, and shopping hubs, including the Historic Commercial Center District, Arts District, and the multitude of entertainment and dining opportunities along the Las Vegas Strip. Residents will have access to some of the area’s most popular local destinations, which are all within walking distance from the property.
The Sherwood 2630 Apartments feature 20 garden-style apartment units featuring wood-frame construction, stucco exterior finishes with stone accents, and a flat roof on approximately 0.45 acres of land. The property consists of a mix of 12 one-bedroom / one-bathroom and eight two-bedroom / one-bathroom units with a weighted average of 760 square feet. Each unit is individually metered for electricity and has individual HVAC units. Interior amenities include air conditioning/heating, vinyl plank flooring, ceiling fans, and kitchens equipped with ovens/stoves, ranges, and refrigerators.
Significant sources of employment in the area are dominated by leisure and hospitality opportunities, as well as positions in the professional and business sectors.
The property is surrounded by multiple dining, entertainment, and shopping hubs, including the Historic Commercial Center District, Arts District, and the multitude of entertainment and dining opportunities along the Las Vegas Strip. Residents will have access to some of the area’s most popular local destinations, which are all within walking distance from the property.
The Sherwood 2630 Apartments feature 20 garden-style apartment units featuring wood-frame construction, stucco exterior finishes with stone accents, and a flat roof on approximately 0.45 acres of land. The property consists of a mix of 12 one-bedroom / one-bathroom and eight two-bedroom / one-bathroom units with a weighted average of 760 square feet. Each unit is individually metered for electricity and has individual HVAC units. Interior amenities include air conditioning/heating, vinyl plank flooring, ceiling fans, and kitchens equipped with ovens/stoves, ranges, and refrigerators.
Significant sources of employment in the area are dominated by leisure and hospitality opportunities, as well as positions in the professional and business sectors.
PROPERTY FACTS
| Price | $4,046,772 CAD | Building Class | C |
| Price Per Unit | $202,339 CAD | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 15,200 SF |
| Cap Rate | 5.98% | Average Occupancy | 90% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | H1, Clark County | ||
| Price | $4,046,772 CAD |
| Price Per Unit | $202,339 CAD |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 15,200 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | H1, Clark County |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,396 CAD | 700 |
| 2+1 | 8 | $1,675 CAD | 850 |
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 162-10-113-015 | Improvements Assessment | $244,798 CAD |
| Land Assessment | $145,594 CAD | Total Assessment | $390,392 CAD |
PROPERTY TAXES
Parcel Number
162-10-113-015
Land Assessment
$145,594 CAD
Improvements Assessment
$244,798 CAD
Total Assessment
$390,392 CAD
CONTACTS
-
Jason Dittenber -
Anthony Marinello -
Bradley Gumm -
Montana Giesbrecht -
Josh McDougall -
ABI Multifamily
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**Seller Financing Available** | 2630 Sherwood St
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