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Multifamily

Loma Apartments

2201 Fairfield Ave, Las Vegas, NV 89102

Listing Price: $3,175,000

Cap Rate
4.97%
Number of Units
22
Price/Unit
$144,318
Price/Gross SF
$341.36
Gross SF
9,301

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Loma Apartments, a 22-unit multifamily investment property located in Las Vegas, Nevada. Built in 1953 and completely renovated in 2021, the property offers an attractive unit mix consisting of studio, one, and two-bedroom units. Loma Apartments have been completely renovated with unit upgrades including new kitchens with stainless steel appliances, granite countertops, paint, bathrooms, and hardwood flooring. In addition, exterior renovations include a new façade, paint, signage, exterior gate, a spacious courtyard with yard games, a cozy roof top lounge, and more.

Investment Highlights

  • A 22-Unit Multifamily Investment Property Located in Las Vegas
  • The Property Offers an Attractive Unit Mix Consisting of 2, Studios, 18, One-Bedroom Units, and 2, Two-Bedroom Units
  • Amenities Include On-Site Laundry Facilities, Gated Access, Courtesy Patrol, Open Parking, and Gated Access
  • The Property Has Been Completely Renovated with Unit Upgrades Including New Kitchens with Stainless Steel Appliances, Granite Countertops, Paint, Bathrooms, and Hardwood Flooring
  • Exterior Renovations Include a New Façade, Paint, Signage, Exterior Gate, a Spacious Courtyard with Yard Games, a Cozy Roof Top Lounge, and More
  • Within Walking Distance of Las Vegas Boulevard, Home of the Las Vegas Strip, a Four-Mile Corridor of the World's Most Famous Resorts and Casinos

Exclusively Listed By

Listing Price: $3,175,000

Cap Rate
4.97%
Number of Units
22
Price/Unit
$144,318
Price/Gross SF
$341.36
Gross SF
9,301

Investment Highlights

  • A 22-Unit Multifamily Investment Property Located in Las Vegas
  • The Property Offers an Attractive Unit Mix Consisting of 2, Studios, 18, One-Bedroom Units, and 2, Two-Bedroom Units
  • Amenities Include On-Site Laundry Facilities, Gated Access, Courtesy Patrol, Open Parking, and Gated Access
  • The Property Has Been Completely Renovated with Unit Upgrades Including New Kitchens with Stainless Steel Appliances, Granite Countertops, Paint, Bathrooms, and Hardwood Flooring
  • Exterior Renovations Include a New Façade, Paint, Signage, Exterior Gate, a Spacious Courtyard with Yard Games, a Cozy Roof Top Lounge, and More
  • Within Walking Distance of Las Vegas Boulevard, Home of the Las Vegas Strip, a Four-Mile Corridor of the World's Most Famous Resorts and Casinos

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Loma Apartments, a 22-unit multifamily investment property located in Las Vegas, Nevada. Built in 1953 and completely renovated in 2021, the property offers an attractive unit mix consisting of studio, one, and two-bedroom units. Loma Apartments have been completely renovated with unit upgrades including new kitchens with stainless steel appliances, granite countertops, paint, bathrooms, and hardwood flooring. In addition, exterior renovations include a new façade, paint, signage, exterior gate, a spacious courtyard with yard games, a cozy roof top lounge, and more.

Exclusively Listed By

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