Updated Dec 21, 2023
Cobra 28 No. 8 LP Acquires Multifamily Property In Las Vegas, Nevada For $5.5M
521 North 14th Street, Las Vegas, Nevada 89101, United States
$5,500,000
Units
45
Asset Type
MultiFamily
Closing
Aug 29, 2022
About this deal
AI
The multfamily property located at 521 N. 14th Street in Las Vegas, Nevada has been sold for a price of $5,500,000. The property consists of 45 units, resulting in a price per unit of $122,222.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Address: 521 N. 14th Street, Las Vegas, Nevada
- Market: Las Vegas, Nevada
The buyer of the property is Cobra 28 No. 8 LP, with the transaction facilitated by brokers Jerad Roberts, Devin Lee, and Robin Willett from Northcap Commercial.
Players
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93