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Multifamily

Bargain Motel\Apartments

200 S 8th St, Las Vegas, NV 89101

Listing Price: $6,250,000

Cap Rate
6.26%
Number of Units
82
GRM
8.58
Occupancy
95.0%
Price/Unit
$76,220
Price/Gross SF
$174.82
Gross SF
35,751

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Bargain Motel an 82-room extended stay apartment building. At the list price the property is substantially below replacement cost.

Investment Highlights

  • Exterior Corridor 82-Room Motel
  • Operating as a Extended Stay Apartment Building
  • Stabilized Asset
  • Value Add Opportunity
  • Located in the Heart of Downtown Las Vegas
  • Located within Qualified Opportunity Zone

Exclusively Listed By

Multifamily

Bargain Motel\Apartments

Listing Price: $6,250,000

Cap Rate
6.26%
Number of Units
82
GRM
8.58
Occupancy
95.0%
Price/Unit
$76,220
Price/Gross SF
$174.82
Gross SF
35,751

Investment Highlights

  • Exterior Corridor 82-Room Motel
  • Operating as a Extended Stay Apartment Building
  • Stabilized Asset
  • Value Add Opportunity
  • Located in the Heart of Downtown Las Vegas
  • Located within Qualified Opportunity Zone

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Bargain Motel an 82-room extended stay apartment building. At the list price the property is substantially below replacement cost.

Exclusively Listed By

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