Updated Dec 4, 2024
ABI Multifamily Brokers $8.99M Sale Of 74-Unit Las Vegas Multifamily Portfolio
1163 Blankenship Avenue, 230 West Chicago Avenue & 216 West Philadelphia Avenue
$8,985,894
Units
74
Asset Type
MultiFamily
Closing
Jan 23, 2024
About this deal
AI
The $8.99 million sale of a 74-unit Las Vegas portfolio has been announced by ABI Multifamily. The properties are located at 1163 Blankenship Avenue, 230-248 West Chicago Avenue, and 216 West Philadelphia Avenue. The multifamily assets span across 2.4 acres in Las Vegas.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,985,894
- Units: 74
- Price Per Unit: $121,431
- Market: Las Vegas
The sale was brokered by Anthony Marinello, Bradley Gumm, Jason Dittenber, and Josh McDougall from ABI Multifamily. The buyer and seller involved in the transaction are both based in Nevada.
Players
Las Vegas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.77%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93