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Northcap Commercial Sells Merlayne Villas Apartments In Henderson, Nevada For $4.89M

Property Image
SOLD
$4,890,000
Robin Willett
Jerad Roberts
Devin Lee

Nevada

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MultiFamily
Sold 05/26/2023
the dealplayerscompscontact
Property Image
SOLD

Northcap Commercial Sells Merlayne Villas Apartments In Henderson, Nevada For $4.89M

409 & 417 East Merlayne Drive Henderson, Nevada 89011, USA

See Similar Deals
MultiFamily
Sold 05/26/2023
Robin Willett
Jerad Roberts
Devin Lee
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:MultiFamily
Transaction Type:Sale

The Merlayne Villas Apartments in Henderson, Nevada have been sold for $4.89 million. The property, built in 1994, consists of 34 units, resulting in a price per unit of approximately $143,824. The transaction was facilitated by Northcap Commercial on behalf of the seller, E4 Merlayne LLC.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,890,000
  • Address: 409 & 417 E. Merlayne Drive, Henderson, Nevada
  • Market: Henderson, Nevada
  • Units: 34
  • Sale Price per Unit: $143,824

Northcap Commercial served as the representative for E4 Merlayne LLC in the sale of the Merlayne Villas Apartments. The brokers involved in the transaction were Robin Willett, Devin Lee, and Jerad Roberts, all from Northcap Commercial.

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: Devin Lee, Jerad Roberts & Robin Willett DATE: 05/26/2023 ADDRESS: 409 & 417 E. Merlayne Drive MARKET: Henderson, Nevada ASSET TYPE: Multifamily SELLER: E4 Merlayne LLC BROKERS: Robin Willett, Devin Lee & Jerad Roberts - Northcap Commercial SALE PRICE: $4,890,000 UNITS: 34 ~ PPU: $143,824 NOTE: Northcap Commercial has sold the Merlayne Villas Apartments in Henderson, Nevada for $4.89 million. The 34-unit property, built in 1994, was represented by Northcap Commercial on behalf of the seller, E4 Merlayne LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$260,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,373.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,181.09
Annual Debt Service$278,173.14