Clark County Realty Group
Listed by Clark County Realty Group
$9,500,000
Cedar Park Community
Details
Property Type Multifamily
Sub Type Apartment Building
Units 50
Cap Rate 7.2%
NOI $684,127
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 8.09%
Pro-Forma NOI $768,655
Broker Co-Op Yes
Class B
Year Built 1970 and 2025
Year Renovated 2025
Buildings 19
Stories 1
Acreage 2.780
Zoning R-18 Residential
Parking Spaces 2 spaces
Investment Type Stabilized
Occupancy Date 03/03/2025
Ground Lease No
Sale Condition For sale by owner
one 2 bedroom house, 34 2 bedroom duplex units and 15 one bedroom apartments
Marketing description
Overview
• 1 two-bedroom House
• 34 two-bedroom Duplexes (Approx. 800 SF/unit in 17 buildings built in 1970)
• 15 one-bedroom Apartments (Approx. 550 SF/ unit in one building completed in 2025)
• Office Space (Approx. 1700 SF used by owner)
• Maintenance & Storage ( Approx. 2300 SF used by owner)
• Approx. 2.78 acres of land in two tax lots (0.49 and 2.29 acres)
• Over $800,000 of improvements
Listing Contacts
Clark County Realty Group
Listed by Clark County Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$684,127.00
$57,010.58/mo
Valuation Metrics
0
DSCR
7.2%
Cap Rate
7.2%
ROI
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Property History
Tax History
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