1116 East Ogden Ave, Las Vegas, NV
Multi-family for Sale - $2,999,000 - 26,000 Sq. Ft. on 0.8 acres
Property Info
CIMLS# | 971766 |
Location 1116 East Ogden Ave Las Vegas NV 89101 | |
Updated | January 22nd, 2018 |
Type | Multi-family |
Price | $2,999,000 |
Building | 26,000 Sq. Ft. |
Land | 0.8 acres |
Property Description
Rare value-add investment opportunity. Assemblage in prime resurgent downtown Las Vegas Fremont East neighborhood consisting of fully leased apartments plus 2 adjacent properties on 1/3 of a downtown city block. In the heart of downtown Las Vegas close to shops, entertainment, downtown Casinos, new developments and transit. Includes 22 unit apartment building + triplex with laundry, commercial building and house sitting on 1/3 of a city block corner 1 block north of the Fremont East Entertainment District. Renovate to increase rents and add value or ideal for redevelopment.
Location Description:
Rapidly changing and in-demand Fremont East neighborhood in downtown Las Vegas 1 block north of the Fremont East Entertainment District and new light rail station planned and approved for the intersection of East Fremont and Maryland Parkway.
Highlights:
>> Downtown Las Vegas Redevelopment area value-add investment opportunity
>> Resurgent Fremont East neighborhood close to entertainment, shops, downtown casinos and more
>> 25 apartment units consisting of 22 unit building + triplex with laundry room
>> 2000 sf commercial
>> Single Family Home plus duplex
>> 1/3 of an entire downtown city block
>> 1 block north of the newly approved downtown light rail station linking McCarran Airport, the "Strip", Downtown Las Vegas and the Medical District (http://www.rtcsnv.com/planning-engineering/rtc-projects/maryland-parkway/)
>> Significantly below market rents. Renovated units command a 25% or more increase in rental rates
>> Downtown core sub-market
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