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Las Vegas Debt-Free Apartments

Property Type: Residential Income - Apartments

Last Updated: 5/11/2010 5:29:22 PM EST
Property # 27380

Location:

Las Vegas, Nevada USA

View Address On Mapquest

Value:
Loans:
Equity:

$5,000,000
$0
$5,000,000

Property Description:
100 unit apartment building in Westside of Las Vegas. The Brittany Apartments is a C+ type building in a good area. This is a 20-year old building and can be delivered debt free.
Benefits to New Owner:

Unit Mix

# Units	65	Bed/Bath	2/2	Approx. Sq. Ft.	795	Avg. Rent/mo.	$750
# Units	35	Bed/Bath	1/1	Approx. Sq. Ft.	560	Avg. Rent/mo.	$600
TOTALS	100

Annual Income & Expense
	Per/Year	% of G.I.	Projected/Year
Gross Schedule Income	$850,000	100%
Less Vacancy (-)	$85,000	10%
Other Income (+)	$15,000	2%
Gross Operating Income	$780,000	100%
Operating Expenses (-)	$300,000	35%
Net Operating Income (=)	$480,000	56%
Loan Payments (-)	$293,000	34%
CASH FLOW (=)	$187,000	22%
Capitalization Rate	9.60%		0.00%
Lot Size
Zoning	R3
Yr. Built	1989

Loans

No information found.

Additional Information Available Upon Request

No Appraisal available at this time

Maps: Area & Plat
Title Report
Notes & Trust Deeds
Financial Statements
Inventory List
Equipment Leases

Can Adds

No Can Add information found.

Click to view Other parties that may want what you have based on a computer match from the property records data

Owner's Profile
Occupation Name Please Sign In or Register to view owner information.
Why Owner No Longer Wishes to Own This Property
Want to simplify my estate and property(s) could be a problem for heirs

Will Consider Exchanging For

Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Personal Property: Cash, Notes / Paper, Barter Currency, Airplane, Automobile, Boat / Yacht, Gem Stones, Insurance/Viaticals, Services, Stocks, Other

U.S. Locations
Map
States/Regions:

Regions: 'WEST'

Property Represented By

Click Here to contact the Owner or Agent representing this property.

REE.com Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.