200 S 8th St, Las Vegas, NV 89101

PROPERTY DESCRIPTION

Carson View Suites is a well‑positioned, value‑add multifamily asset in the heart of Downtown Las Vegas, directly across from Container Park on Fremont Street. Originally built in 1963 as an 86‑room motel, the property now operates as an 83‑unit apartment building offering a mix of junior studios, studios, and one‑bedroom units. The property sits on 0.35 acres with approximately 18,894 rentable square feet (average unit size ~228 sqft). The building boasts a three‑story wood‑frame construction with exterior corridor access, stucco siding and a flat roof. Priced at $6,900,000 ($83,113 per unit), the asset currently achieves an average rent of $891 per month.

THE OPPORTUNITY

Carson View Suites’ strategic location and stable operations create an exceptional value‑add opportunity. Investors with operational expertise can leverage nearby remodeled studios with rents reaching up to $4/sq ft. Converting units to include full‑size kitchens and modernized interiors represents a primary path to realize highest and best use. Alternatively, the asset can continue to produce market‑rate cash flow and has demonstrated strong resilience remaining fully occupied with minimal delinquencies during the COVID‑19 downturn and maintaining high occupancy over the past six years.

LOCATION DESCRIPTION

Ideally located in the vibrant downtown rental market, Carson View Suites provides unparalleled access to the Fremont Street Experience, entertainment venues, and essential neighborhood amenities—making it an attractive option for tenants seeking downtown district connectivity and convenience. This location ranks among the most premier apartment sites in Downtown Las Vegas’s urban core.