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34073705
34073704

3909-3949 N Nellis Blvd, Las Vegas, NV 89115

MG
NV 0077952
Elite Realty Sahara
Listed by Elite Realty Sahara
$16,900,000
6 days on market
Updated 6 days ago

Terravita Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 91,359
Units 100
Occupancy 80%
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $1,113,891
Class B
Year Built 1983
Buildings 6
Stories 2
Acreage 3.610
Zoning R4, County
Parking Spaces 2.08 per 1,000 sq ft

Multifamily | 0.00% CAP | 100 Units

Marketing description

Terravita Apartments is a 100-unit multi family complex that includes a mix of renovated Seventeen (17) One-Bedroom / One-Bathroom apartments and Eighty-Three (83) Two-Bedroom/Two Bathroom apartments. The property is located in the Sunrise Manor sector of Las Vegas which is a dynamic affordable segment with Nellis Frontage and in close proximity to shopping and nearby schools. The project consists of Six (6) two story buildings sitting on 3.61 acres with gated entrances to the complex.

The property also offers potential buyers with multiple exit strategies as each of the 100 units comes with its own parcel number so the complex can easily be converted to a condominium project or managed as an apartment complex. The units range in size from 555 Sq Ft - 770 Sq Ft for the 1 bed / 1 bath units to 906 sq ft - 1,005 for the 2 bed / 2 bath units. Forty-Seven (47) of the 2 bed / 2 bath units are oversized at 1,005 Sq Ft.

The complex has a swimming pool and barbeque area for the tenants with each unit having its own washer and dryer, dishwasher, walk in closets, balcony area, ceiling fans and much more.

Investment highlights

  • 100 units with each one having its own parcel number. (can easily be converted to condo project, multiple exit strategies)
  • Covered Parking
  • 100 Units Total with 83 of them being 2 bed 2 bath. (47 of the 2 bed 2 bath apartments are oversized at 1,005 Sq Ft)
  • Swimming Pool
  • Washer and Dryer each unit
  • Gated entrance

Listing Contacts

MG
NV 0077952
Elite Realty Sahara
Listed by Elite Realty Sahara

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Zoning

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RM32 ResidentialMulti FamilyResidential Multifamily 32
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Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics

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