2221 W. Bonanza Rd., Las Vegas, NV

Multi-family for Sale - $4,400,000 - 84,219 Sq. Ft. on 2.58 acres

Signature Real Estate Group

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Agent Info

NameTiffanie Wood
CompanySignature Real Estate Group

Property Info

CIMLS #972382
Location2221 W. Bonanza Rd.
Las Vegas NV 89106
Last UpdatedFebruary 17th, 2019
TypeMulti-family
Price$4,400,000
Building84,219 Sq. Ft.
Land2.58 acres
DemographicsView data

Contact


Property Description

Prime Investor Bulk Sale! Immediate cash flow. Fifty-Five (55) rental units up to $700/month! New owner has future opportunity to receive market value rent while still being competitive, therefore increasing the return. The current owner has a list of applicants waiting to move into Bonanza Park, 98% occupied! (LOI, POF,and Confidentiality Required for Financials.)

Bonanza Park Condominium complex consist of 132 units. This Bonanza Park bulk sale includes a total of Fifty-Five (55) Condominium units, 400 Sq. Ft. Great room, open space! (UPGRADES include, appliances, Washer and Dryer each unit. Granite, Tile. Ceiling fans, Cabinets.) Full kitchen w breakfast bar. One sliding door closet. One walk-in closet space, and an extra storage closet outside your entry! Full Bathroom. Updated newer appliances, most units. Vertical Blinds.

Great investment opportunity. 98% Occupied! The Bonanza Park community is centrally located near Bonanza/Rancho, and the 95/Rancho Exit. Within minutes of Downtown Las Vegas, and The Las Vegas Strip. Open parking! MONTH TO MONTH LEASES- NO DEPOSITS!

Offers, including (P.O.F) can be e-mailed, to the attention of Tiffanie Wood. Ownership will provide updates through their broker on the final due date for offers, as well as any changes or updates to the information on the offering or on the status of the property. Investor/Buyer/Principal Building tours can be coordinated by contacting Tiffanie Wood. Additional due diligence and other materials are available upon request. *Cash | Commercial Financing | 1031 Exchange. *LOI, POF, and Confidentiality Required for Financials.

Remodel project 2015 - 2018. RENTAL INCREASE AS OF 6-1-2018 and 9/1/2018! *CAP Rate includes ONE-TIME Remodel cost. (Unit mix location: Unit location Floors 1-3, located within 3 of the 4 buildings, A, B, C, same complex.)

*Multiple offers received , seller is looking for the right price. Tenant Utilities- Electric | Cable | Phone