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2855 FREMONT ST
LAS VEGAS, NV 89104-2213
Asking Price
$3.50M
Cap Rate
8%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
24 Remodeled Units - For Sale or Master Lease, Owner Will Carry!!! <p><strong>Highlights</strong></p><ul><li><ul><li>24 remodeled guest units</li><li>Fully fenced 0.37-acre site</li><li>Commercial General (CG) zoning</li><li>Entertainment Mixed Use (EM) planned land use</li><li>Sale or master lease opportunity</li><li>Owner carry financing available</li><li>Strong redevelopment potential</li><li>High-visibility Fremont Street frontage</li><li>Minutes from Downtown Las Vegas</li></ul></li></ul><p></p>
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084
