MULTIFAMILY PROPERTY 3042 SOUTH DURANGO DR LAS VEGAS, NV 89117 BUYLASVEGASAPARTMENTBUILDINGS.COM
8 1 3 E O G D E N AV E, L A S V E G A S, N V 8 9 1 0 1 OFFERING SUMMARY Sale Price: Number Of Units: Cap Rate: NOI: Lot Size: PROPERTY OVERVIEW $3,575,000 30 5.66% $202,319 0.15 Acres Year Built: 1963 Building Size: 8,496 Renovated: 2018 Zoning: Submarket: C-2 The Ogden Executive is in the heart of the downtown Las Vegas redevelopment zone and just one block north of Fremont St & 1 block away form the future Amazon/Zappo's campus. The Ogden Executive has been completely renovated in 2018 and offers modern finishes throughout. There are a total of 30 units which are all luxuriously appointed studio floor plans. Tenants at the Ogden Executive can choose between furnished and unfurnished units depending on what their needs are. Unit rents at the Ogden Executive range from $695-$825 with power, water, sewer, trash and wifi are included in rent. With major renovations completed expense model is projected to be less than 30% of gross income. Lease up has been completed and the property is at 100% occupancy. With major development of new luxury apartments 1 block south and the gentrification of the surrounding area the Ogden Executive offers a sold investment opportunity with a prime location with downtown. To obtain further details about this investment opportunity such as sales comps, rent comps and area demographic data please download the offering memorandum or sales brochure. To discuss making an offer to purchase this asset please contact Paul Macaluso directly. Downtown Redevelopment Zone Price / SF: M U LT I FA M I LY P RO P E RT Y $420.79 F OR MOR E I N F OR M AT IO N : A D A M PAU L M A C A L U S O
8 1 3 E O G D E N AV E, L A S V E G A S, N V 8 9 1 0 1 F OR MOR E I N F OR M AT IO N : A D A M PAU L M A C A L U S O M U LT I FA M I LY P RO P E RT Y
MULTIFAMILY PROPERTY PROPERTY OVERVIEW VIDEO MULTIFAMILY PROPERTY
MULTIFAMILY PROPERTY
MULTIFAMILY PROPERTY POPULATION 1 MILE 2 MILES 3 MILES Total population 23,515 81,563 185,157 Median age 37.5 33.3 32.6 Median age (Male) 37.9 33.5 32.5 Median age (Female) 36.7 33.0 32.8 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 8,933 29,210 63,869 # of persons per HH 2.6 2.8 2.9 Average HH income $31,476 $37,143 $43,990 Average house value $137,790 $182,909 $201,572 * Demographic data derived from 2010 US Census
8 1 3 E O G D E N AV E, L A S V E G A S, N V 8 9 1 0 1 M U LT I FA M I LY P RO P E RT Y PROFESSIONAL BACKGROUND President Of Multifamily Investments When entering or exiting the Las Vegas Apartment building segment of our commercial market it s crucial to your success as an investor to be aligned with a qualified trust worthy professional who will put your needs above all else. Paul is a specialist in the acquisition and disposition of apartment building assets here in Las Vegas and has dedicated his career to helping apartment building owners achieve high rates of returns on their investments. With a unique fresh approach and the aid of today s modern cutting edge technology Paul Macaluso Guarantees to positions his clients for success with their Las Vegas apartment buildings. Being able to have a reliable professional in the trenches as your boots on the ground is key to identifying opportunities in the Las Vegas apartment building market. Whether the market has been up, down or sideways Paul Macaluso has been able to guide his clients towards above average returns in every market condition. With his unwavering determination along with uncompromising definiteness of purpose Paul Macalusocan and will Guarantee your success in the Las Vegas Apartment building segment of our commercial market. MEMBERSHIPS & AFFILIATIONS 3042 South Durango Dr Las Vegas, NV 89117 T C 702.542.1993 NV #BS0145166 5 Points Business Association Greater Las Vegas Association of Realtors Commercial Real Estate Alliance 18b Arts District Stakeholders F OR MOR E I N F OR M AT IO N : A D A M PAU L M A C A L U S O