8335 S Nevada Highway 373
Amargosa Valley, NV 89020

Discover a compelling investment opportunity with this 15-unit multifamily property, currently in receivership and primed for value-add strategies. Situated on an estimated 12,000-15,000 square foot lot, this diverse complex offers a mix of spacious units to cater to a wide range of tenants. The property features eight 3-bedroom/2-bathroom units (est. 1,000-1,200 sq ft each), three 2-bedroom/2-bathroom units (est. 850-950 sq ft each), two 2-bedroom/1-bathroom units (est. 750-850 sq ft each), one 1-bedroom/1-bathroom unit (est. 600-700 sq ft), and one additional unit with configuration to be verified. With an estimated total living area of 13,000-15,000 square feet, this property offers ample space for residents and room for potential improvements.

Current income streams include base rents, utility charges, and electric fees, providing multiple avenues for revenue generation. The potential gross income from rents ranges from $102,072 to $138,072 annually, based on current rates and full occupancy. This figure includes base rents plus additional utility and electric charges, showcasing the property's strong income potential. One unit operates under Section 8 housing, offering a source of stable income. The property's receivership status presents a unique opportunity for investors to acquire a distressed asset with significant upside potential. With strategic management and targeted improvements, this property has the potential to quickly increase in value and generate strong returns.

Ideal for experienced investors looking to expand their portfolio with a value-add opportunity, this multifamily complex offers the chance to capitalize on an asset primed for transformation in a recovering market. The combination of diverse unit types, additional income streams, and the potential for increased efficiency in management and operations makes this property an attractive investment for those looking to maximize returns in the multifamily sector.