82 Unit Extended Stay - Heart of Downtown Las Vegas

For Sale$8,475,000

200 South 8th Street, Las Vegas, NV 89101

  • Multi-Family

Nearby Properties

Details

  • Sale Price $8,475,000
  • City Las Vegas
  • Neighborhood Downtown Las Vegas
  • Zip Code 89101
  • Property Type Multi-Family
  • Property Size 35,751 Sqft

Description

A 3-story, multi-family, 82 unit extended stay, in the heart of Downtown Las Vegas and located within a Qualified Opportunity Zone. The property is located at 200 S. 8th Street and is 100% occupied, the majority of which are long term tenants and a waiting list of eager tenants standing by to fill vacancies as they occur.

PROPERTY DESCRIPTION

Built in 1974 with recent renovations. The water chiller A/C system has been completely rebuilt, which includes a new compressor, a new KVAR electrical cleanup system that covers the water tower and all lines going to all the rooms. The system has been chemically treated to clean out all pipes and is working beautifully with a maintenance contract in place with the people who rebuilt the entire system. The project’s units have been recently renovated along with the building exterior and parking surfaces.

 

OFFERING HIGHLIGHTS

• Prime Location in Downtown Las Vegas

• Project units recently renovated

• Existing waiting list to fill potential vacancies

• 100% Occupied

• Fully Furnished

• Located within a Qualified Opportunity Zone

Downtown Las Vegas Demographics

The average household income in zip code 89101 is $36,161, from a total of 14,219 households. In terms of employment, there are 73.74 % white-collar and 26.26 % blue-collar jobs in zip code 89101.

Population

  • Total Population64,687
  • Male Population(54.6 %) 35,294
  • Female Population(45.4 %) 29,393
  • Median Age32.50

Income/Financial

  • Average Household Income$45,057
  • Median Household Income$31,421
  • Median Income Under 25$27,375
  • Median Income 25-44$32,323
  • Median Income 45-64$37,708
  • Median Income Over 65$25,700

BROWSE OTHER PROPERTIES IN DOWNTOWN LAS VEGAS

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Commercial Brokers Register now to add listings

Paul Chaffee

Sun Commercial Real Estate Inc.

(702) 968-7308

Wil Chaffee

Sun Commercial Real Estate Inc.

(702) 968-7309