Property tours are available by appointment ONLY. Please contact Robin Willett to schedule at robin@northcap.com or 702-943-1903. Investment Highlights: 12 unit multi-family apartment portfolio in 3 separately parceled buildings ±100% occupied income producing property Value add opportunity with potential rent upside through lease renewals Dense demographics with 155,960 residents & average HH income of $51,516 within a 3-mile radius Excellent rental corridor located near “the Strip”, McCarran International Airport, UNLV and other housing drivers Investment Overview: North Circle Apartments (the “Properties”) is a 12 unit garden style apartment portfolio located at 489, 497 & 537 North Circle in Las Vegas, Nevada. The entire portfolio is 100% occupied with long-term residents paying ±$550 per month. North Circle Apartments totals ±8,772 SF on ±0.51 acres and is ideally situated in the heart of Las Vegas. These Properties were built in 1963 and are comprised of 12 spacious two bedroom, one bath units in three (3) apartment buildings which each containing four (4) apartment units. This easily self-manageable portfolio consists of (3) fourplexes, each with ample parking and dual access courtyard areas. The units are individually metered with tenants each responsible for their own power. These Properties are close to the world famous Las Vegas Strip and Las Vegas Convention Center (walking distance), Downtown Las Vegas (4.2 miles), very close to nationally renowned University of Nevada Las Vegas and shopping such as The Boulevard Mall and Fashion Show Mall. This 12 unit Apartment Portfolio sits in a premier rental corridor located very close to a wide selection of schools, restaurants, commuter friendly freeways and entertainment destinations. There are also excellent employment opportunities because properties are located in the heart of Las Vegas close to the Howard Hughes Business Park, Wynn Hotel & Casino and Venetian Hotel & Casino. These communities are located near the Strip, which is a major center for employment in the Las Vegas Valley. Several bus lines are available near walking distance. The McCarran International Airport is also only 2.5 miles away. These Properties are located conveniently near various shopping plazas that include grocery stores, discount retailers, and dining. North Circle Apartments, located in the Outer Las Vegas Strip Multifamily Submarket, is a unique opportunity to acquire (3) stabilized multifamily properties just minutes away from the Hard Rock Hotel & Casino and Las Vegas Strip.
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Multi-Family Space
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