Lynnwood Apartments -28 Units 3 Multifamily Properties Offered at $5,607,980 CAD in Las Vegas, NV

2626 , 2616 & 2636 Lynnwood Street Apartments is a 28-unit, three-building multifamily asset strategically located just off Sahara Avenue, walking distance to the Las Vegas Strip, and near top employers like Sunrise Hospital, UNLV, and the Las Vegas Convention Center. Currently 79% occupied, this property offers significant value-add potential under new management, with a clear path to stabilization and enhanced NOI.
Unit Mix
16 – 1 Bed / 1 Bath
8 – 2 Bed / 2 Bath
2- 2 Bed/1 Bath
2 – 3 Bed / 2 Bath
With continued lease-up, updated tenant selection, and modest capital improvements (minor unit turns, AC, water heater, etc.), investors can expect strong returns through cash flow and long-term appreciation. The property has already benefited from capital improvements including upgraded kitchens and baths with granite countertops, tile floors, ceiling fans, and central A/C in all units that are individually metered with a gated courtyard setting, and proximity to medical and tourism employment centers make this property highly attractive to long-term renters. Surrounded by newly rehabbed apartment complexes across the street which will improve the value of the current location and increase tenancy. This is a great opportunity to step into the Las Vegas multifamily market! Call for more details!