Windsor Apartments
550 Elm Drive,
Las Vegas, NV 89169
**PRICE REDUCED** 100% Leased
$3,495,000
Offering Price
11.75
GRM
$166,429
Price Per Unit
21
Number of Units
7.35%
Cap Rate
26,566
Building SF
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$3,495,000
Offering Price
11.75
GRM
$166,429
Price Per Unit
21
Number of Units
7.35%
Cap Rate
26,566
Building SF
IMPORTANT COMMENTS:
This building is zoned H-1 which is the best zoning in Las Vegas. This property is a perfect opportunity to cash flow as is with current tenants however is zoned for an investor with a vision. Property would work great to convert into a Hotel, Weekly Rental, AirBnb units or Condominiums. The University district makes it a great location to advertise towards student housing. Units range in size and feel very large and spacious upon entering.
WHY INVEST IN CLARK COUNTY, NEVADA?? *No Rent Control *No State Income Tax *Highest Population Growth *Diverse Employment Growth *Favorable Landlord-Friendly Eviction Laws
University District
Like the name implies, this district is home to the University of Nevada, Las Vegas. Although this neighborhood is a clear choice for students, faculty, and staff, the University District offers allure far beyond the campus. The neighborhood is filled with restaurants, coffee shops, grocery stores and brick and mortar shopping options. Close to Boulevard Mall and plenty of entertainment and employment opportunities close by within University District and surrounding areas.
University District is home to several quirky museums including the Pinball Hall of Fame, Atomic Museum and SeaQuest Las Vegas. The Las Vegas Convention Center is also close by and easy to access commuting to and from. With University District being right in the center of so many amenities and activities to choose from it is a highly sought after location for a diverse mix of potential residents. Close by and easily accessible from the property, McCarren/Henry Reid International Airport is a few blocks from the University campus and a hop, skip and a jump to the world-renowned Las Vegas Strip. This neighborhood is located close to the action but is secluded enough to provide the comfort of a secure neighborhood.
Colleges & Universities 550 Elm Drive is within 6 minutes or 1.9 miles from University of Nevada, Las Vegas. It is also near Nevada State College and College of Southern Nevada. Colleges Drive Distance University of Nevada, Las Vegas 6 min 1.9 mi Nevada State College 9 min 3.6 mi College of Southern Nevada 15 min 7.1 mi
Transportation options available in Las Vegas are vast and easily accessible. The Las Vegas Convention Center Station is located just 0.7 miles Windsor Apartments. The Henry Reid/ McCarran International airport is 3 miles away and other nearby airports are in North Las Vegas and in Henderson, NV. The Las Vegas Strips Monorail is easily accessible for strip access and you can jump on just by the Convention Center.
Shopping Centers Walking & Distance Twain Plaza 5 min 0.2 mi The Twain Center 10 min 0.5 mi Twain Swenson Plaza 11 min 0.5 mi
FOR MORE DETAILS CONTACT
Lawrence J. Strychalski
(702) 781-3117
larrysinternational@gmail.com
B.1003087.CORP
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