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Multifamily

Carson View Suites

200 S 8th St, Las Vegas, NV 89101

Listing Price: $7,500,000

Cap Rate
5.51%
Number of Units
82
Price/Unit
$91,463
Price/Gross SF
$300.50
Gross SF
24,958

Investment Overview

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present the opportunity to acquire 200 South 8th Street, an 82-unit multifamily investment property located in the downtown area of Las Vegas, NV. Situated on a 0.35-acre lot, Carson View Suites offers a desirable mix of junior studio, studio, and one bedroom floor plans and amenities including fully furnished units, gated surface parking, and on-site laundry. The property benefits from its unique location, situated directly across the Container Park. In the heart of the Downtown Las Vegas economic sphere are numerous iconic casinos, vibrant nightlife and cultural attractions, all major employment and housing drivers for the area. This positioning at the epicenter of the Downtown Las Vegas renovation project ensures ample tenant employment opportunities and provides a consistent rental demand. 200 South 8th Street is in close proximity to many famous casinos, including the Golden Nugget, the Fremont Hotel & Casino, and the Plaza Hotel & Casino. It is also near a number of unique museums, such as the Mob Museum and the Neon Museum. Additionally, Downtown Las Vegas offers a variety of dining options, shopping, and entertainment, making it a highly desirable location for multi-family housing. Given the property’s exceptional location in Downtown Las Vegas, 200 South 8th Street is well suited to attract a desirable renter pool and provide investors with strong returns over the long term investment horizon.

Investment Highlights

  • The Property Offers Multiple Potential Operational Strategies
  • An 82 Unit Property Featuring Studio & One-Bedroom Floor Plans
  • Currently Operating as an Extended Stay Apartment Building
  • Stabilized Strong Cash Flow Property with Value-Add Opportunities in Unparalleled Downtown Las Vegas Location
  • Adjacent to Downtown Container Park
  • Within Walking Distance of Downtown Las Vegas

Exclusively Listed By

  • Drew Holden

    First Vice President Investments

    (949) 419-3200

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

Financing By

Multifamily

Carson View Suites

Listing Price: $7,500,000

Cap Rate
5.51%
Number of Units
82
Price/Unit
$91,463
Price/Gross SF
$300.50
Gross SF
24,958

Investment Highlights

  • The Property Offers Multiple Potential Operational Strategies
  • An 82 Unit Property Featuring Studio & One-Bedroom Floor Plans
  • Currently Operating as an Extended Stay Apartment Building
  • Stabilized Strong Cash Flow Property with Value-Add Opportunities in Unparalleled Downtown Las Vegas Location
  • Adjacent to Downtown Container Park
  • Within Walking Distance of Downtown Las Vegas

Investment Overview

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present the opportunity to acquire 200 South 8th Street, an 82-unit multifamily investment property located in the downtown area of Las Vegas, NV. Situated on a 0.35-acre lot, Carson View Suites offers a desirable mix of junior studio, studio, and one bedroom floor plans and amenities including fully furnished units, gated surface parking, and on-site laundry. The property benefits from its unique location, situated directly across the Container Park. In the heart of the Downtown Las Vegas economic sphere are numerous iconic casinos, vibrant nightlife and cultural attractions, all major employment and housing drivers for the area. This positioning at the epicenter of the Downtown Las Vegas renovation project ensures ample tenant employment opportunities and provides a consistent rental demand. 200 South 8th Street is in close proximity to many famous casinos, including the Golden Nugget, the Fremont Hotel & Casino, and the Plaza Hotel & Casino. It is also near a number of unique museums, such as the Mob Museum and the Neon Museum. Additionally, Downtown Las Vegas offers a variety of dining options, shopping, and entertainment, making it a highly desirable location for multi-family housing. Given the property’s exceptional location in Downtown Las Vegas, 200 South 8th Street is well suited to attract a desirable renter pool and provide investors with strong returns over the long term investment horizon.

Exclusively Listed By

  • Drew Holden

    First Vice President Investments

    (949) 419-3200

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

Financing By

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