521 S Maryland Pky - Apartments FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$4,500,000 USD
702-943-1907
521 S Maryland Pky, Las Vegas, NV for Sale
$4,500,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

521 S Maryland Pky
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • Higher than average rents. The property supports community & state funded programs, such as, HopeLink of Southern NV, HELP of Southern NV and St. Jude
  • HOA fee covers property taxes, water, building insurance and more.
  • Community pool in the center of each courtyard.
  • Each building has coin-based laundry room.
  • Convenient bus stop location at property.

OVERVIEW

Northcap Multifamily is pleased to present the Orleans Square co-op condo units. This portfolio consists of 45 units scattered through-out four buildings within the Co-Op community ideally situated in the heart of downtown Las Vegas. The community was built in 1962 and this portfolio consists of 1 Studio, 11 one bedroom, 23 two bedroom and 10 three bedroom units averaging approximately 750 SF. Orleans Square was converted from apartments to a deeded co-op in 1982. Each unit like a condo gets its own deed and grants 1/120th ownership of the common areas. It is not the same type of co-op as seen in New York and New Jersey. The units are located at 501 S. Maryland Pkwy. and 500 S. 13th Street in the heart of Downtown Las Vegas. The community offers its tenants affordable units within close proximity to downtown employment centers, bus lines, shopping and entertainment, while less than a mile away from the Las Vegas Strip.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

45

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

*PRICE REDUCED* (45 Co-Op Units)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

28

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,148 SF

ZONING

R-4

APN/PARCEL ID

139-34-811-049,139-34-811-050

ASK ABOUT THIS PROPERTY

Jerad RobertsNorthCap CommercialMore Info
702-943-1907

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Jerad RobertsNorthCap CommercialMore Info
702-943-1907

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