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3150 Luke Werner Ave - Bradford Place Town Homes 31,361 SF Specialty Building Offered at $9,499,410 CAD at a 4.48% Cap Rate in Las Vegas, NV 89102
Investment Highlights
- Property is located close to the 1-15 Freeway, a few minute drive to the Las Vegas Strip, China Town. Walking Distance to Middle and High School
Executive Summary
The listing consists of 2 bedroom, 3 bedroom, and 4 bedroom townhomes. Currently all are rented. This is a courtesy listing. Seller to represent themselves in the sale of this property. If buyer is represented by a realtor, buyer(s) agent to be compensated by buyer.
This property location is in a Townhome Community with a total of 171 individually deeded single family residents. The seller has 28 properties available for sale. Currently all units are rented with rent amounts from $1100.00 to $1400.00.
The townhome complex is located just west of the Famous Las Vegas Strip. They are between Sahara Avenue & Desert Inn Road. Just adjacent to the booming China Town. They are located near schools and shopping. Also, easy Interstate 1-15 access. Close to the Desert Inn arterial, the Convention Center and East side of town. Location, Location, Location. The HOA is $140.00 per unit per month. The recent capitol improvements are: New roofs both main house and the detached carport, from 2017-2020. Several streets in community have been repaved between 2016-2022. Complex was repainted in 2022. Seller and listing agent have a business/family relationship.
This property location is in a Townhome Community with a total of 171 individually deeded single family residents. The seller has 28 properties available for sale. Currently all units are rented with rent amounts from $1100.00 to $1400.00.
The townhome complex is located just west of the Famous Las Vegas Strip. They are between Sahara Avenue & Desert Inn Road. Just adjacent to the booming China Town. They are located near schools and shopping. Also, easy Interstate 1-15 access. Close to the Desert Inn arterial, the Convention Center and East side of town. Location, Location, Location. The HOA is $140.00 per unit per month. The recent capitol improvements are: New roofs both main house and the detached carport, from 2017-2020. Several streets in community have been repaved between 2016-2022. Complex was repainted in 2022. Seller and listing agent have a business/family relationship.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$527,564
|
$16.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$527,564
|
$16.82
|
| Taxes |
$14,800
|
$0.47
|
| Operating Expenses |
$87,583
|
$2.79
|
| Total Expenses |
$102,383
|
$3.26
|
| Net Operating Income |
$425,181
|
$13.56
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $527,564 |
| Annual Per SF | $16.82 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $527,564 |
| Annual Per SF | $16.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,800 |
| Annual Per SF | $0.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $87,583 |
| Annual Per SF | $2.79 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $102,383 |
| Annual Per SF | $3.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $425,181 |
| Annual Per SF | $13.56 |
Property Facts
| Price | $9,499,410 CAD | Property Subtype | Residential Income |
| Price Per SF | $302.91 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.98 AC |
| Cap Rate | 4.48% | Building Size | 31,361 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1972 |
| Zoning | R-PD11 | ||
| Price | $9,499,410 CAD |
| Price Per SF | $302.91 CAD |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 31,361 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | R-PD11 |
Amenities
- Air Conditioning
About 3150 LUKE WERNER AVE , LAS VEGAS, NV 89102
This property consists of 28 individually deeded town-homes. The properties are: 2 Bedroom 1 Bath - 5 town-homes 1 Story with 2 car Carport 2 Bedroom 2 Bath - 2 town-homes 1 Story with 2 Car Carport 3 Bedroom 1 1/2 Bath - 15 town-homes 2 Story with 2 Car Carport 4 Bedroom 1 1/2 Bath - 6 town-homes 2 Story With 2 Car Carport Current rents are average of $1200.00 a month and can be increase to between $1400.00 to $1600.00 depending on unit size.
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Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Numbers | Total Assessment | $1,381,560 CAD (2026) | |
| Land Assessment | $795,222 CAD (2026) | Annual Taxes | $14,800 CAD ($0.47 CAD/SF) |
| Improvements Assessment | $586,338 CAD (2026) | Tax Year | 2023 |
Property Taxes
Parcel Numbers
Land Assessment
$795,222 CAD (2026)
Improvements Assessment
$586,338 CAD (2026)
Total Assessment
$1,381,560 CAD (2026)
Annual Taxes
$14,800 CAD ($0.47 CAD/SF)
Tax Year
2023
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3150 Luke Werner Ave - Bradford Place Town Homes
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