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La Esperanza Apartments 900-1208 E Carey Ave 72 Unit Apartment Building For Sale North Las Vegas, NV 89030

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INVESTMENT HIGHLIGHTS

Close proximity to the North Las Vegas City Hall and Municipal Court
Across from Civica Academy Charter (Elementary & Middle School)
Opportunity Zone Census Tract 36.16

Minutes from the Downtown Las Vegas and Symphony Park
Large 4.21 Acre Parcel with Low-Density Layout

EXECUTIVE SUMMARY

La Esperanza Apartments presents a compelling opportunity to acquire a multifamily asset positioned for a lease-up and repositioning strategy in North Las Vegas. Situated on a large 4+ acre parcel with strong street visibility along East Carey Avenue, the property offers investors multiple paths for income upside through operational improvements and targeted capital upgrades. Located in an Opportunity Zone allowing for opportunity funds and higher density build out, Census Tract 36.16.

OM 72 North Las Vegas (La Esperanza Apts)

Offering Memorandum

PROPERTY FACTS

Sale Type	Investment	Lot Size	4.21 AC
No. Units	72	Building Size	52,380 SF
Property Type	Multifamily	Average Occupancy	82%
Property Subtype	Apartment Multifamily Dormitory	No. Stories	1
Apartment Style	Garden	Year Built	1962
Building Class	C	Parking Ratio	1.53/1,000 SF
Zoning	RAR3 - Multiple Family Residential Opportunity Zone Census Tract 36.16

Sale Type	Investment
No. Units	72
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	4.21 AC
Building Size	52,380 SF
Average Occupancy	82%
No. Stories	1
Year Built	1962
Parking Ratio	1.53/1,000 SF
Zoning	RAR3 - Multiple Family Residential Opportunity Zone Census Tract 36.16

UNIT AMENITIES

Air Conditioning
Cable Ready
Disposal

Heating
Security System
Kitchen

Granite Countertops
Refrigerator
Oven

Range
Tub/Shower

SITE AMENITIES

24 Hour Access
Controlled Access
Courtyard

Laundry Facilities
Picnic Area
Property Manager on Site

Tenant Controlled HVAC
Recycling
Smoke Free

Online Services
Zen Garden

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	21	-	500
2+1	41	-	575
3+1	10	-	650

PROPERTY TAXES

Parcel Numbers	Multiple 139-14-412-028 139-14-412-032 139-14-412-035 139-14-412-025 139-14-412-026 139-14-412-036 139-14-412-024 139-14-412-033 139-14-412-034 139-14-412-037 139-14-412-027 139-14-412-029 139-14-412-030 139-14-412-031	Improvements Assessment	$573,332 CAD
Land Assessment	$815,227 CAD	Total Assessment	$1,388,559 CAD