Property Listing No Longer Available for Sale

1884 Butte Street, West Wendover, NV

Multi-family for Sale - $1,975,000 - 54,050 Sq. Ft. on 3.16 acres


Property Info

CIMLS#960541
Location
  1884 Butte Street
  West Wendover NV 89883
UpdatedNovember 5th, 2017
TypeMulti-family
Price$1,975,000
Building54,050 Sq. Ft.
Land3.16 acres

Property Description

A 75-unit apartment community built in 1985, 19 two-story, wood frame & wood siding construction, completely re-roofed in 2003 with T-Lock, 3 Cab roof system, set in a garden apartment community. The unit mix is: 38 - 1 bedroom/1 bathroom units, 35 - 2 bedroom/1 bathroom units, and 2 - 3 bedroom/1 bathroom units. All units have: refrigerators, electric ranges, dishwashers, baseboard heaters, and cooled with boxed swamp coolers. High speed internet is provided in all units, included in the rent. Washer/Dryer sets have been installed in approximately 65% of the units. (v.072117)

Location Description:

From I-80, head east on Wendover Blvd. Make a left on to Wells Avenue, then right on to Butte Street to arrive at your destination - 1884 Butte Street, West Wendover, Nevada.

Occupancy rates at this property have increased from 60.0% in December 2016 to 93.3% in June 2017, as vacancy rates in and around West Wendover approach 0%.

Highlights:

>> 75 Units; Unit mix: 1-1 / 38 units, 2-1 / 35 units, and 3-1 / 2 units

>> Units come with: refrigerators, electric ranges, dishwashers, heaters, and coolers

>> Washer/dryer sets installed in approx. 65% of the units

>> High speed internet access in all units - included in the rent

>> Built in 1985; New roof in 2003

>> Listing Broker: Harvey M. Jacobson - CEO/MBA - 702.497.2360

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Financials