Turnkey Stabilized Performing Multifamily Property Downtown

813 E Ogden Ave Las Vegas, NV 89101

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$5,749,999
Last Verified:
May 27, 2022

Highlights

  • 100% Occupied
  • Fully Remodeled
  • Modern Finishes
  • Gated Courtyard
  • Furnished Units
  • Onsite Laundry

Description

The Ogden Executive is a modern boutique fully renovated 100% occupied apartment complex one block north of Fremont St & 1 block away form the future Amazon/Zappo's campus. The Ogden Executive has been renovated inside and out during 2018 and offers modern well appointed finishes throughout.

Tenants at the Ogden Executive can choose between furnished or unfurnished units to accommodate their needs. Unit rents at the Ogden Executive range from $850-$1,100 with power, water, sewer, trash and wifi included with rent . Renovations completed allow for operating expenses to be minimized and new ownership the comfort of a well placed long term investment .

The Ogden Executive has enjoyed a historic occupancy rate of 98% and the property is currently 100% leased. The Ogden Executive is the ideal asset to protect your wealth from inflation. Don't miss out on the opportunity to own you slice of one of Americas hottest rental markets. Current C-2 Zoning will allow for short term rental giving this property an even higher ROI depending on the repositioning new ownership may consider implementing.

To obtain further details about this investment opportunity such as sales comps, rent comps and area demographic data please download the offering memorandum or sales brochure. To discuss making an offer to purchase this asset please contact Paul Macaluso directly.

Ogden Executive is located in the downtown redevelopment zone on Ogden Ave & 9th St. The subject property is foot steps away from all of the excitement of Fremont St. Amazon/Zappo's future campus is 1 block north of the Ogden Executives offering potential housing opportunities to the future campus employment pool.


Year Built: 1963
Building Size: 8496sq ft
Lot Size: 0.15 acres


Documents

813 Ogden Offering Memorandum
813 Ogden Sale Brochure

Map of 813 E Ogden Ave, Las Vegas, NV, 89101

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.