Fully Renovated Stabilized Multifamily Offering
1302 Stewart Ave
Las Vegas, NV 89101
Highlights
- Fully Renovated
- 100% Occupied
- Gated Grounds
- Turnkey Offering
Description
1302 Stewart consists of 1 individually parceled Tri-Plex within the Downtown submarket of Las Vegas. The unit mix for 1302 Stewart is comprised of one 1 bedroom, one 2 bedroom and 1 three bedroom. All units have been renovated inside/out with proper permitting and city inspections.
Current occupancy is 100% and the property has maintained a historic average occupancy of 100%. In place CAP rate is 5.25% The property is individually metered for power and the operating expenses for this asset are super low..
1302 Stewart is located less than a mile from the world famous Fremont St Experience and all the excitement of downtown. Major public transit routes, schools of all grade levels, shopping and dinning are close by. Access to i15, and i95 from the subject property allowing tenants ease of access for valley wide commutes to and from their employment.
This will be a hassle free investment opportunity. Don’t miss out on this opportunity to own a turnkey multifamily investment opportunity in the heart of Las Vegas that has continued to perform at the highest efficiency realizing strong returns.
To view sales comps, operating income/expenses, area demographics and a full under writing of 1302 Stewart please download the offering memorandum or Info packet. To discuss making an offer or to set up a site visit please contact Paul Macaluso directly.
1302 Stewart is located in the downtown sub market Las Vegas. Situated on the Southeast corner of Stewart and 13th St 1302 Stewart is conveniently located near downtown entertainment, dinning, employment hubs, schools of all grades, shopping, public transit and freeway access valley wide.
