Updated Dec 4, 2024
Northcap Commercial Brokers Sell 15-Unit Multifamily In North Las Vegas For $1.77M
2131 North Statz Street
$1,770,000
Units
15
Asset Type
MultiFamily
Closing
Mar 15, 2024
About this deal
AI
The 2131 Statz Street Apartments in North Las Vegas, Nevada, were sold in an off-market transaction for $1,770,000 on March 15th, 2024. The property comprises 15 units built in 1963, with each unit being sold at $118,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,770,000
- Address: 2131 North Statz Street
- Market: North Las Vegas
- Units: 15
- Price Per Unit: $118,000
Devin Lee, Jerad Roberts, and Robin Willett from Northcap Commercial played pivotal roles in facilitating the successful off-market sale of the multifamily property. Their expertise and efforts led to the completion of the transaction, showcasing their proficiency in the real estate market.
Players
North 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
8.96%
Cash-on-Cash
-2.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93