Updated Oct 28, 2024
Clark Studio Investar LLLP Sells Multifamily Property For $8.65M In Las Vegas
501 South 10th Street, Las Vegas, Nevada 89101, United States
$8,650,000
Units
44
Asset Type
MultiFamily
Closing
Aug 21, 2022
About this deal
AI
The multifamily property located at 501 S. 10th Street in Las Vegas, Nevada was sold for a total of $8,650,000. The transaction took place on August 22, 2022. This property consists of 44 units, with a price per unit of approximately $196,591.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,650,000
- Address: 501 S. 10th Street, Las Vegas, Nevada
- Market: Las Vegas, Nevada
- Seller: Clark Studio Investar LLLP
- Brokers: Devin Lee, Robin Willett & Jerad Roberts - Northcap Commercial
- Units: 44
- Price Per Unit: $196,591
Devin Lee, Robin Willett, and Jerad Roberts from Northcap Commercial represented the sellers, Clark Studio Investar LLLP, in this transaction.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93