2630 Sherwood St - Apartments FOR SALE


Las Vegas, NV 89109
$2,899,000 USD
702-820-5660
2630 Sherwood St, Las Vegas, NV for Sale
$2,899,000 USD
Apartments - FOR SALE
1/8
null | 5.98% Cap Rate

2630 Sherwood St
Las Vegas, NV 89109


HIGHLIGHTS

  • 20 Spacious Units in a Gated & Enclosed Two-Story Building
  • Attractive Mix of (12) One-Bedroom / One-Bathroom & (8) Two-Bedroom / One-Bathroom Units
  • 90% of Units Have Been Recently Renovated
  • Freshly Painted Exterior
  • Equipped With Security Cameras
  • On-Site Laundry Room

OVERVIEW

Sherwood 2630 Apartments is a 20-unit garden-style apartment community located in the Winchester neighborhood of Las Vegas. Situated right off Sahara Boulevard, between Paradise Road and Maryland Parkway, and just north of the Las Vegas Country Club. The property sits less than five miles from the Harry Reid International Airport, and approximately three miles from both the University of Nevada, Las Vegas, and is within walking distance to The World Famous Las Vegas Strip. Residents enjoy a premium, central location with easy access to the Las Vegas Freeway (US Interstate 15) located just two miles to the west. Immediate neighborhood conveniences and services include Smith’s Grocery Store, CVS, Walgreens, Bank of America, and Chase Bank. The property is surrounded by multiple dining, entertainment, and shopping hubs which includes the Historic Commercial Center District, Arts District, and the multitude of entertainment and dining opportunities along the Las Vegas Strip. Residents will have access to some of the area’s most popular local destinations that are all within walking distance from the property. The Sherwood 2630 Apartments feature a total of 20 garden-style apartment units featuring wood-frame construction, stucco exterior finishes with stone accents, and a flat roof situated on approximately 0.45 acres of land. The property consists of a mix of (12) one-bedroom / one-bathroom and (8) two-bedroom / one- bathroom units with a weighted average of 760 square feet. Each unit is individually metered for electricity and has individual HVAC units. Interior amenities include air conditioning / heating, vinyl plank flooring, ceiling fans, and kitchens equipped with oven / stove, range, and refrigerator. Significant sources of employment in the area are dominated by leisure and hospitality opportunities along with positions in the professional and business sectors.

FOR SALE DETAILS

PRICE

$2,899,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

20

PRICE/UNIT

$144,950

CAP RATE

5.98%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood 2630 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

H1, Clark County

APN/PARCEL ID

162-10-113-015

ASK ABOUT THIS PROPERTY

Jason DittenberABI MultifamilyMore Info
702-820-5660

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Jason DittenberABI MultifamilyMore Info
702-820-5660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.