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705 W Monroe Ave
Las Vegas, NV 89106
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Value-Add Opportunity
- Located in the Historic Westside
- Minutes from the Fremont Street Experience
- Spacious One & Two-Bedroom Floorplans
- Near the Newly Developed College of Southern Nevada Campus & ShareWestsid
- Convenient Access to I-15 & US-95 Interchange
Executive Summary
705 West Monroe Avenue Apartments is a 4-unit value- add opportunity, featuring spacious one- and two-bedroom floorplans. Located in the historic Westside neighborhood of Las Vegas, the property is near the newly developed College of Southern Nevada campus, ShareWestside, and is just minutes from the Fremont Street Experience.
The property benefits from strong rental demand driven by ongoing redevelopment in the area, with convenient access to I-15 and US-95 providing connectivity to major employment, retail, and entertainment hubs throughout the Las Vegas valley.
The property benefits from strong rental demand driven by ongoing redevelopment in the area, with convenient access to I-15 and US-95 providing connectivity to major employment, retail, and entertainment hubs throughout the Las Vegas valley.
Property Facts
| Price Per Unit | $183,831 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,400 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | T3-N | ||
| Price Per Unit | $183,831 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | T3-N |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 500 |
| 2+1 | 2 | - | 700 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $36,526 CAD | |
| Land Assessment | $85,947 CAD | Total Assessment | $122,473 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$85,947 CAD
Improvements Assessment
$36,526 CAD
Total Assessment
$122,473 CAD
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