
Terravita Apartments
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
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