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27336197
32179455

5256 E Tropicana Ave, Las Vegas, NV 89122

JR
NV NV 144595
Northcap Commercial
Listed by Northcap Commercial
$6,699,000
250 days on market
Updated 40 days ago

Tropicana Valley Apartments

Details
APN 161 - 21 - 412 - 088 & 161 - 21 - 412 - 089
Property Type Multifamily
Sub Type Apartment Building
Square Footage 39,860
Net Rentable (SqFt) 39,860
Units 48
Occupancy 100%
Pro-Forma Cap Rate 6.43%
Broker Co-Op Yes
Year Built 1962
Buildings 4
Stories 1
Zoning R-4
Occupancy Date 10/01/2025

Price Reduced Over $1M | Las Vegas Multifamily | 48 Units

Marketing description

Tropicana Valley Apartments is a value add opportunity that features 4 single story buildings consisting

of all 2 bedroom apartment homes averaging 830 SF. Resident amenities include full kitchens with

refrigerator, microwaves and ovens, private patio, common area with BBQs and picnic tables. The

Community sits on 3.26 acres located on the east side of Las Vegas within minutes of major employment opportunities, fantastic outdoor adventures, terrific shopping, amazing restaurants, and a quiet family-friendly atmosphere. This location provides residents with easy access to the I-95 Freeway and Boulder Highway which is a major arterial way used to access several sectors of the city within minutes.

Investment highlights

All 2 Bedroom Units

Large Private Patios

On-Site Management & Leasing Office

Two On-site Laundry Facilities

Two Community Swimming Pools

Picnic Area with BBQ

Security Systems Throughout Property

New Roofs In 2021

Central Air Conditioning and Heat

Eco Friendly Windows

Tenant Storage Units Available

Listing Contacts

JR
NV NV 144595
Northcap Commercial
Listed by Northcap Commercial

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Additional Information

Name
Jerad Roberts
License
NV 144595
Brokerage
Northcap Commercial LLC
Brokerage Phone
702-943-1907
Brokerage Address
400 South Rampart Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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