MFR in Las Vegas For Sale (156 units)

[Peter Mitchell]

Encantada Apartments is a 156 unit, three-story multifamily property located in Las Vegas' Eastside submarket. The property was built in 1986. The 156 units consist of three floor plans: 36 one-bedroom/one-bath (670 sq ft), 96 two-bedroom/two-bath (912 sq ft), 24 three-bedroom/two-bath (1,100 sq ft). The property is considered Class C in quality and location. The overall condition of the building is average. We have put over $300K into the property for repairs, unit turns, etc. Property sits on 2.95 acres and has 185 open parking spaces. Property is 55% occupied.

Contact me if interested.