Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present the opportunity to acquire 3017 East Carey Avenue, a 12-unit multifamily investment property located near Downtown North Las Vegas. Situated on a spacious corner lot, this asset features a desirable mix of studio and one-bedroom floor plans, ideal for tenants seeking affordability and convenience. The property offers strong physical and economic value-add potential, with an opportunity to modernize exterior lighting, fencing, and paint, as well as reposition interior units through strategic renovations. Current rents are below market, providing significant upside for investors to increase cash flow through targeted upgrades and professional property management. 3017 East Carey Avenue benefits from a central location with convenient access to Interstates 11 and 15 and is positioned within walking distance of a neighborhood convenience store. The property is located near several community-serving amenities, including the Boys & Girls Club, and a new fire station currently under development at East Carey Avenue and North Carroll Street. Additionally, the property lies near the transformative North Las Vegas Village redevelopment project, a major mixed-use initiative expected to bring new retail, medical, and residential activity to the area. With its low price per unit, strong tenant demand, and long-term growth potential, 3017 East Carey Avenue presents an excellent opportunity for both first-time and seasoned investors looking to acquire a high-upside asset in a rapidly improving North Las Vegas submarket.