Multifamily

234 W Cleveland Ave

234 W Cleveland Ave, Las Vegas, NV 89102

Listing Price: $1,225,000

Cap Rate
5.86%
Number of Units
10
Price/Unit
$122,500
Price/Gross SF
$186.74
Gross SF
6,560

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 234 West Cleveland Avenue, a 10-unit multifamily investment property located in Las Vegas, Nevada. Built in 1955, the property consists of 8, one-bedroom units and 2, two-bedroom units and offers amenities including gated entry and security doors. 234 West Cleveland Avenue is adjacent to The STRAT Hotel and is located just off the Las Vegas Strip, a 4-mile corridor of the world's most famous resorts and casinos. The property is also 2 miles away from Fremont Street, a five-block mall which attracts thousands annually to its unique dining and entertainment venues. Additionally, 234 West Cleveland Avenue is just 0.5 miles from Interstate 15, providing residents with convenient access to nearby employment hubs.

Investment Highlights

  • A 10-Unit Multifamily Investment Property Located in Las Vegas
  • The Property Consists of 8, One-Bedroom Units and 2, Two-Bedroom Units
  • Amenities Include Gated Entry and Security Doors
  • Located Adjacent to The STRAT Hotel and Just Off the Las Vegas Strip

Exclusively Listed By

Listing Price: $1,225,000

Cap Rate
5.86%
Number of Units
10
Price/Unit
$122,500
Price/Gross SF
$186.74
Gross SF
6,560

Investment Highlights

  • A 10-Unit Multifamily Investment Property Located in Las Vegas
  • The Property Consists of 8, One-Bedroom Units and 2, Two-Bedroom Units
  • Amenities Include Gated Entry and Security Doors
  • Located Adjacent to The STRAT Hotel and Just Off the Las Vegas Strip

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 234 West Cleveland Avenue, a 10-unit multifamily investment property located in Las Vegas, Nevada. Built in 1955, the property consists of 8, one-bedroom units and 2, two-bedroom units and offers amenities including gated entry and security doors. 234 West Cleveland Avenue is adjacent to The STRAT Hotel and is located just off the Las Vegas Strip, a 4-mile corridor of the world's most famous resorts and casinos. The property is also 2 miles away from Fremont Street, a five-block mall which attracts thousands annually to its unique dining and entertainment venues. Additionally, 234 West Cleveland Avenue is just 0.5 miles from Interstate 15, providing residents with convenient access to nearby employment hubs.

Exclusively Listed By

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