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Multifamily

Residences at Bromley

5808 Bromley Ave, Las Vegas, NV 89107

Listing Price: $5,250,000

Cap Rate
5.14%
Number of Units
32
GRM
11.81
Occupancy
90.0%
Price/Unit
$164,063
Price/Gross SF
$195.78
Gross SF
26,816

Investment Overview

The Residences at Bromley is a 32-unit garden-style community located in the highly desirable central-west submarket of Las Vegas. The complex is in a predominantly residential area just two blocks from the 95 Freeway and residents enjoy easy access to Meadows Mall and major economic drivers. Schools include St. Francis De Sales and Red Rock Elementary. Mariana's Supermarket along with Dexter and Ed Fountain Park are all within a fiveminute walk. The community was constructed in 1964 and renovated in 2018. The two-story buildings include spacious one-bedroom floor plans at 756 square feet and two-bedroom floor plans at 965 square feet. Interiors include walk-in closets, upgraded flooring, window treatments, and standard kitchens. Common area amenities include lush mature landscaping, BBQ area and laundry facilities. The Residences at Bromley presents a valueadd opportunity offering an investor stable cash flow and excellent future rent growth.

Investment Highlights

  • Value-Add Opportunity !
  • Competely Renovated in 2018
  • Highly Desirable Central West Submarket

Exclusively Listed By

Multifamily

Residences at Bromley

Listing Price: $5,250,000

Cap Rate
5.14%
Number of Units
32
GRM
11.81
Occupancy
90.0%
Price/Unit
$164,063
Price/Gross SF
$195.78
Gross SF
26,816

Investment Highlights

  • Value-Add Opportunity !
  • Competely Renovated in 2018
  • Highly Desirable Central West Submarket

Investment Overview

The Residences at Bromley is a 32-unit garden-style community located in the highly desirable central-west submarket of Las Vegas. The complex is in a predominantly residential area just two blocks from the 95 Freeway and residents enjoy easy access to Meadows Mall and major economic drivers. Schools include St. Francis De Sales and Red Rock Elementary. Mariana's Supermarket along with Dexter and Ed Fountain Park are all within a fiveminute walk. The community was constructed in 1964 and renovated in 2018. The two-story buildings include spacious one-bedroom floor plans at 756 square feet and two-bedroom floor plans at 965 square feet. Interiors include walk-in closets, upgraded flooring, window treatments, and standard kitchens. Common area amenities include lush mature landscaping, BBQ area and laundry facilities. The Residences at Bromley presents a valueadd opportunity offering an investor stable cash flow and excellent future rent growth.

Exclusively Listed By

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