Las Vegas Waterfront Condos available!

[Todd Keith]

Five Stream Ventures, LLC would like to present this beautiful portfolio sale of 45 waterfront condominiums (1 seller) in Las Vegas!

Purchase price is firm per the seller @ $10,300,000. Seller to pay the R.E. Commissions at this price only or should the executed purchase price be below $10.3 m, the buyer to pay the 3% real estate commission This spectacular 45 condominium portfolio is a broken or fractured Portfolio from one seller. There are a total of 97 condominiums in Villa Azure with many different Sellers. These 45 condos have the same one seller. Portfolio sale only. This controlled access/gated condominium community was built in 2015. Broken or fractured condo deals are a portion of larger community or Master planned community.
The Villa Azure is located at 50 Aura de Blanco Street, Henderson, Nevada 89074 (suburb of Las Vegas).
  -The average monthly rent of the 45 condos are $1,345 and the condos are 1,268 square feet each. -the occupancy rate exceeds 90% -every condo is 3 bedrooms and 2 bathrooms -the condos offer a gourmet kitchen with granite counter tops and a pantry -flooring is lush carpeting and tile, there are 9 foot ceilings - all condos have a washer and dryer and all kitchen appliances are provided -there are window coverings, large walk-in closets -the condos either have a patio or a balcony, a porch or a deck -the condominiums interiors have very upscale features plus ceiling fans, -Large master bedrooms and there is a LAKE VIEW -Lake Meade is extremely close to Henderson, Nevada -there is a gorgeous pool and spa/hot tub, picnic and BBQ area -there is assigned garage parking. One assigned space per condominium FINANCIAL SUMMARY: OFFERING PRICE $9,850,000 PRICE PSF $172.63 PRICE PER UNIT $218,889 OCCUPANCY 98.00 % NOI (CURRENT) $455,153 NOI (At Market Rent) $454,292 CAP RATE (CURRENT) 4.62 % CAP RATE (At Market Rent) 4.61 % GRM (CURRENT) 13.31 GRM (At Market Rent) 12.96 Contact us for additional information! Todd Keith 214.395.0804 Five Stream Ventures, LLC