Ave 24

2437-2433 Clifford Ave, Las Vegas, NV 89104

  • For Sale $5,888,888
  • Property Type Multi-Family
  • Property Size 16,832 SF
  • Units 44
  • Property Tenancy Multi-Tenant
  • Year Built 1977
  • Year Renovated 2021
  • Date Updated May 3, 2024
Ave 24 apartments are located in Downtown Las Vegas with the major cross streets being Fremont st & Charleston blvd. i95 Freeway access is within close proximity to the subject property as well as i15Ave 24 is a 44 unit garden style walk up Multifamily complex located in Downtown Las Vegas. The Ave 24 Complex has undergone interior renovations on 50%+ of units and rent increases throughout the entire property. The exterior has been painted and all windows have been replaced with high efficiency dual pane windows. The property is individually metered for power however some units rents include power provided by ownership. With the revitalization of Downtown Las Vegas well underway the Ave 24 Apartments offer new ownership the opportunity to continue to capitalize on the areas strong rental demand and continued redevelopment. Current occupancy is 90% and the property has enjoyed a historical occupancy of 97%. New developments surround the property including a Class A 300+ unit multifamily complex, self-storage, neighborhood grocery/gas station, Ihop and Firefly Casino. The unit mix at the Ave 24 Apartments consists of 2 studios and 42 Jr One bedroom floor plans. Average rent per unit is $817 or $2.97 per sqft which results in a true turnkey opportunity for new ownership. The Ave 24 apartments are within close proximity to major public transportation arteries, mass transit, shopping/dinning, Strip and Downtown employment opportunities, schools of all grade levels and much more. For more details including the historical property financials and a current rent roll please visit www.Ave24Apts.com. Do not visit property without an appointment or disturb any of the communities residents or staff. Contact Paul to discuss setting up a site visit or to submit your offers.

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Attachments

Highlights

  • Stabilized & Preforming
  • 50% + Renovated
  • Upside On Rents
  • Great Downtown location
  • Onsite Laundry room

Contacts

broker

Adam Paul Macaluso

Simply Vegas Apartment Building Asset Specialist

(702) 909-7047

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable

  • Transit Score ®

    48/100 Some Transit

  • Bike Score ®

    75/100 Very Bikeable
Powered by Walk Score ®
  • City Las Vegas, NV
  • Neighborhood Showboat
  • Zip Code 89104
  • Market Las Vegas

Points of Interest

  • SLS

    2.41 miles

  • Westgate

    2.49 miles

  • LVCC Central Station

    2.71 miles

  • Las Vegas Convention Center

    2.87 miles

  • LVCC West Station

    2.97 miles

  • Treasure Island

    3.90 miles

  • Harrah's/The Linq

    3.94 miles

  • Mirage

    4.03 miles

  • Caesars Palace/Flamingo

    4.07 miles

  • Bally's/Paris Las Vegas

    4.21 miles

  • Arco

    0.30 miles

  • Western Petroleum

    0.81 miles

  • Circle K

    1.05 miles

  • Arco

    1.18 miles

  • Tesla Supercharger

    1.51 miles

  • Chevron

    1.51 miles

  • Speedway

    1.84 miles

  • 76

    1.90 miles

  • 7-Eleven

    1.92 miles

  • 7-Eleven

    1.93 miles

  • Saint Bridget Catholic Church Overflow Parking

    1.07 miles

  • The Llama Lot

    1.40 miles

  • Cortez Free Parking

    1.58 miles

  • El Cid

    1.62 miles

  • El Cortez Valet Lot

    1.65 miles

  • Zappos.com 7th Street Lot

    1.65 miles

  • Federal Courthouse Employee Parking

    1.67 miles

  • Gold Spike Lot

    1.71 miles

  • Mon Bel Ami Parking

    1.73 miles

  • Fremont Street Experience Parking

    1.76 miles

  • La Palm Motel

    0.15 miles

  • Crown Motel

    0.22 miles

  • The Desert Hills Motel

    0.42 miles

  • Gatewood Motel

    0.53 miles

  • Roulette Motel

    0.55 miles

  • Sterling Gardens Hotel

    0.65 miles

  • Capri Motel

    0.82 miles

  • Desert Moon

    0.85 miles

  • Lucky Cuss Motel

    0.89 miles

  • American Inn Motel

    0.92 miles

  • Pepe's Tacos

    0.20 miles

  • McDonald's

    0.31 miles

  • Carl's Jr.

    0.35 miles

  • Taco Bell

    0.38 miles

  • mcayo

    0.67 miles

  • Tacos El Gordo

    0.69 miles

  • Subway

    0.84 miles

  • El Pollo Loco

    0.87 miles

  • Wendy's

    0.92 miles

  • Panda Express

    1.00 miles

  • Academy for Individualized Study

    0.48 miles

  • John F Miller Special School

    0.49 miles

  • Adult Education Programs School

    0.50 miles

  • Sunrise Acres Elementary School

    0.62 miles

  • Roy West Martin Middle School

    0.62 miles

  • Crestwood Elementary School

    0.69 miles

  • K.O. Knudson Middle School

    0.70 miles

  • Variety School

    0.74 miles

  • Howard E Hollingsworth Elementary School

    0.76 miles

  • Griffith United Methodist Day School

    0.80 miles

  • La Petite Academy

    6.91 miles

  • KinderCare

    7.19 miles

  • Sekuritie Child Care LLC

    7.28 miles

  • La Petite Academy

    7.33 miles

  • Childtime

    7.71 miles

  • La Petite Academy

    7.76 miles

  • Children's Choice Learning Center

    7.93 miles

  • La Petite Academy

    9.65 miles

  • DJ's Christian Daycare

    9.78 miles

Frequently Asked Questions

What is the lease rate for Ave 24?

Rental asking rate at Ave 24 is $2,944,444.00/YR.

What is the total square footage of Ave 24?

Ave 24 totals 16,832 square feet.

When was this property built?

Ave 24 was built in 1977.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Adam Paul Macaluso

Simply Vegas Apartment Building Asset Specialist

(702) 909-7047