Ave 24

2437-2433 Clifford Ave Las Vegas, NV 89104

2437-2433 Clifford Ave, Las Vegas, NV, 89104
2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104 2437-2433 Clifford Ave, Las Vegas, NV, 89104
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$5,888,888
Last Verified:
Dec 27, 2023

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Highlights

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

Description

Ave 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.

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 i15


Year Built: 1977
Building Size: 16832sq ft
Lot Size: 0 acres


Documents

Sale Brochure (L)

Map of 2437-2433 Clifford Ave, Las Vegas, NV, 89104

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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:

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  • 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.