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Dimple Kaur

dimple@lasvegashousefinder.com +1(725) 999-0061

$ 1,150,000

Est. payment | -/mo

8,264 SqFt

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$ 1,150,000

Est. payment | -/mo

Save Virtual Tour

8,264 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,264 sqft

Price per Sqft $139

Subdivision Moss Tr #5

MLS Listing ID 2828706

Style Fourplex

Construction Status Good Condition,Resale

HOA Y/N No

Year Built 1957

Annual Tax Amount $3,391

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Property Description

2213 Sunrise Avenue, an eight-unit multifamily community in Las Vegas' Downtown East corridor offering stable in-place income, hands-on ownership, and a clearly quantified path to higher returns. The property carries a genuinely desirable unit mix: four three-bedroom / two-bath residences and four two-bedroom / one-bath residences. Three-bedroom apartments are scarce in 1950s Downtown Las Vegas stock, which is dominated by studios and one-bedrooms. That mix widens the tenant pool to families and shared households and is the single biggest reason this asset rents and holds occupancy the way it does. 2213 Sunrise is 100% occupied and operating at a 7.4% cap rate on in-place rents of $9,850 per month. Every tenancy is month-to-month, with residency dating back as far as January 2022. The current owner has managed the building personally, maintaining a direct relationship with residents and giving consistent attention to the units and common areas. The building is a single two-story masonry structure of approximately 8,264 square feet on a 0.20-acre R-4 lot, built in 1957, with on-site surface parking, an interior courtyard, gated access, and a common laundry room.
At $1,150,000 ($143,750 per unit and $139 per square foot) the offering prices to a 7.4% cap today.

Location

State NV

County Clark

Direction From Stewart Ave and 21st Street, go south and make a left on Sunrise Ave. Building will be on the left.

Interior

Heating Central, Electric

Cooling Central Air

Flooring Tile

Furnishings Unfurnished

Fireplace No

Exterior

Exterior Feature Private Yard

Amenities Available Landscaping

Water Access Desc Public

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public

Construction Status Good Condition,Resale

Schools

Elementary Schools ,

Others

Tax ID 139-35-812-009

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Catherine Hyde • Simply Vegas

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Dimple Kaur

+1(725) 999-0061

dimple@lasvegashousefinder.com

2213 Sunrise AVE Las Vegas, NV 89101

Dimple Kaur

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2213 Sunrise AVE