Published on: Tuesday, May 7, 2024
Updated on: Tuesday, May 7, 2024
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Name: Anders Graciano
Company: NAI Excel
Office Phone: 7024432881
Cell Phone: 7024432881
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  22-unit Apartment Complex - Seller Financing Available!
2592 Sherwood St. Las Vegas Nevada , 89109
2592 Sherwood St. Las Vegas Nevada                                                                                              , 89109  NAI Excel
Listing ID: CL-Nevada-10461
Quick Glance
Listing ID: CL-Nevada-10461
Status: Accepting Offers
Financing: Owner Financing
Occupancy: 100%
Year Build: 1962
Building Size: 13,200.00 SqFt
Lot Size: N/A
No of Stories: 2
No of Parking: 22
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
NAI Excel is pleased to present a 100% occupied 22-unit apartment complex located at 2592 Sherwood St., Las Vegas, Nevada. This 2-story building is situated on 0.46 acre and has undergone a 1-year long renovation/rebuilt inside out; no expense spared. The property is more or less as a new construction and comes with a 5-year construction/renovation warranty on all parts renovated and/or rebuilt. **Seller Financing Available*** The property reopened for tenant occupancy on January 1. 2024. The property is centrally located, surrounding it are several commercial and residential developments, such as Las Vegas Country Club, Las Vegas Athletic Club, The Historic Commercial Center District, Downtown Las Vegas, The Las Vegas Strip and larger national retail anchored centers. The property is within walking distance of the monorail, several bus stops and the I-15 Beltway.
Complete Details
Year Build: 1962
Building Size: 13,200 SqFt.
No of Stories: 2
Total Lot Area: N/A Acre
No of Parking: 22
No of Total Units: 22
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Master Leased 22-unit Apartment Property NAI Excel is pleased to present a 100% occupied 22-unit apartment complex located at 2592 Sherwood St., Las Vegas, Nevada. This 2-story building is situated on 0.46 acre and has undergone a 1-year long renovation/rebuilt inside out; no expense spared. The property is more or less as a new construction and comes with a 5-year construction/renovation warranty on all parts renovated and/or rebuilt. The property reopened for tenant occupancy on January 1, 2024. The property is centrally located, surrounding it are several commercial and residential developments, such as Las Vegas Country Club, Las Vegas Athletic Club, The Historic Commercial Center District, Downtown Las Vegas, The Las Vegas Strip and larger national retail anchored centers. The property is within walking distance of the monorail, several bus stops and the I-15 Beltway. • Seller Financing Available • 22-unit 2-Story Building. • 100% Occupied. • The property has undergone a total renovation in 2023, estimated $1.5M spent turning the property inside out incl. all sewer and electrical. • 5-year construction/renovation warranty from Dec 2023. • Located within the Central part of town, the “heart” of what’s happening in Las Vegas. • Surrounded by commercial, hospitality and residential properties. • Strong demographics and high traffic counts. • Close proximity and accessibility to the I-15 Beltway and the Monorail.
Additional Properties
Property Other Use
  • Medical Outpatient Housing
  • Senior Housing
Property Highlights
  • Master Leased by CHIPS Nevada
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$301,600
$0
$25,900
$275,700
$0
0%
Cash Flow for Current Listings
Listing Location
Attached Documents
  • Download | Sherwood St. - CHIPS Nevada.pdf ( 60.51KB)
  • Download | Sherwood St. - 2592 Sherwood.pdf ( 3,492.29KB)