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Northcap Commercial Sells La Paloma Apartments In Las Vegas For $2M

Property Image
SOLD
$2,000,000
Robin Willett
Jerad Roberts
Devin Lee

Nevada

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MultiFamily
Sold 09/07/2023
the dealplayerscompscontact
Property Image
SOLD

Northcap Commercial Sells La Paloma Apartments In Las Vegas For $2M

1509 East Harmon Avenue

See Similar Deals
MultiFamily
Sold 09/07/2023
Robin Willett
Jerad Roberts
Devin Lee
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:MultiFamily
Transaction Type:Sale

The La Paloma Apartments in Las Vegas, Nevada have been sold in an off-market transaction. This multifamily property, built in 1978, consists of 17 units. The sale price for the apartments was $2 million, translating to an average price per unit of $117,647. The transaction took place on September 7, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Address: 1509 East Harmon Avenue, Las Vegas, NV
  • Units: 17
  • Price Per Unit: $117,647

Northcap Commercial, represented by Devin Lee, Jerad Roberts, and Robin Willett, facilitated the sale of the La Paloma Apartments. They successfully completed an off-market deal for this multifamily property, showcasing their expertise in the Las Vegas market.

Players

Robin Willett
Northcap Commercial
Robin Willett
16 deals$91M volume
BROKER
Devin Lee
Northcap Commercial
Devin Lee
16 deals$91M volume
BROKER
Jerad Roberts
Northcap Commercial
Jerad Roberts
16 deals$91M volume
BROKER

Details

SOLD
IMAGE: Jerad Roberts, Robin Willett & Devin Lee DATE: 09/07/2023 ADDRESS: 1509 East Harmon Avenue MARKET: Las Vegas, NV ASSET TYPE: Multifamily BROKERS: Devin Lee, Jerad Roberts & Robin Willett - Northcap Commercial SALE PRICE: $2,000,000 UNITS: 17 ~ PPU: $117,647 NOTE: Northcap Commercial announced the off-market sale of the La Paloma Apartments in Las Vegas, Nevada, comprising 17 units built in 1978, for a total of $2 million, equating to $117,647 per unit. The transaction was completed on September 7, 2023.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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