308 N 14th St, Las Vegas, NV, 89101
308 N 14th St
Las Vegas, NV 89101
Highlights
- Development Site
- Opportunity Zone
- Downtown Redevelopment Zone
- Pre-Construction work begun
Description
Paul Macaluso president of Multifamily investments at Simply Vegas commercial is proud to present the 308 N 14th St purposed apartments located in the submarket of Downtown Las Vegas. The 308 Apartments is a small multifamily development opportunity.
This development opportunity offers investors the opportunity to execute on a long term hold strategy and realize returns as well as tax benefits through development of the subject property. With continued demand for multifamily housing in the Downtown submarke,t 308 apartments will be the perfect addition and compliment to the Cities downtown redevelopment plans along with the States development of its opportunity zones.
308 apartments will be a total of 19 units once completed with a 0:1 parking ratio approved by the City. The planned unit mix for the 308 apartments will be 19 efficiency studios floor plans with a total square footage of 4854. Continued growth and demand for multifamily living in Downtown Las Vegas allow new ownership to complete a project located in one of the strongest submarkets of Las Vegas as well as the nation.
For additional information such as construction bid, site plans, renderings, area rental survey and pro-forma underwriting report please visit the documents tab on the dedicated property website. For those interested in discussing the possible acquisition of this development opportunity please contact Paul Macaluso president of Multifamily investments at Simply Vegas Commercial directly.
CAP RATE IS INCORRECT, TRUE CAP AFTER DEVELOPMENT IS COMPLETED SHOULD BE APPROXIMATELY 8.5%
The subject property is located on N 14th with the major cross streets being Stewart Ave & Maryland parkway. Ease of access to major transportation arteries such as I95, I15 and I215 are all within minutes of the subject property. Shopping, dinning and entertainment options are all within close proximity to the subject property as well as schools of all grade levels.
