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2730-2740 E Bonanza Rd
Las Vegas, NV 89101

$4,995,000 USD

Apartments For Sale • 30,856 SF

Property Details

Property Type Apartments
Total Building Size 30,856 SF
Lot Size 1.52 AC
Building Class B
Year Built 1983
Cap Rate 7.03 %
Zoning R PD16, Las Vegas

41 Transit Score

78 Walk Score

                
                    Highlights
                
                                Price per square foot of only $162, well below replacement cost
                            
                                Current cap rate of 7.03% with a value-add opportunity to bring it up to a 8.29% cap rate
                            
                                All units are large 2-bed/1-bath floor plans
                            
                                Value-add opportunity to perform renovations, increase rents, and institute better management

Financial Summary (Actual)

Net Operating Income: $350,914 USD (2024)

Cap Rate:

7.03 %

Amenities

Laundry Facilities
Property Manager on Site

Public Transportation

Airport	Drive	Walk	Distance
Harry Reid International	16 min	-	8.6 mi
Boulder City Municipal	33 min	-	25.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Blake Leavitt 702-809-8387 KW Commercial

2730-2740 E Bonanza Rd Las Vegas, NV 89101