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Northcap Commercial Brokers Sell 15-Unit Multifamily In North Las Vegas For $1.77M
SOLD
$1,770,000
Nevada
See Similar DealsMultiFamily
Sold 03/15/2024
SOLD
Northcap Commercial Brokers Sell 15-Unit Multifamily In North Las Vegas For $1.77M
2131 North Statz Street
See Similar DealsMultiFamily
Sold 03/15/2024
Summary
NEVADA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,288.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,390.70
Annual Debt Service$100,688.44
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