Wednesday, December 28, 2011

SITE TOURS LAS VEGAS BANKRUPT APARTMENT COMPLEXES / LAS VEGAS DISTRESSED MULTI FAMILY APARTMENT COMPLEXES-MOTELS-CONDO FORECLOSURES

Timothy Anderson

Windermere Prestige Properties

YOUR SOURCE FOR COMMERCIAL MULTI FAMILY APARTMENTS/CONDOS/MOTEL - FORECLOSURE - BANK OWNED - SHORT SALE

pH 702 378 3274

email : buy@buylvland.com

www.lasvegas-henderson-nevada-realestate.com

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NOW SCHEDULING SITE TOURS FOR BANKRUPT
APARTMENT COMPLEXES - JANUARY 11TH and 12th

OFFERS DUE JAN. 18TH

* call for details pH 702 378 3274


2 separate large Las Vegas apartment complexes - 484 units total

BANKRUPTCY SALE



264 units : GATED ENTRANCE - ON SITE LEASING OFFICE - CLUB HOUSE - SWIMMING POOL AND SPA
TENNIS COURTS - COVERED PARKING

- 13.66 ACRES
¨ 264 units
¨ True Value Add Investment
¨ Major Rehab Needed
¨ Built 1979
¨ 188,580 Rentable Sq. Ft.



The property currently has 75 fire damaged studio units needing significant repairs. The remaining 1, 2, & 3 bedroom units are operating at 60% occupancy and requires minor rehab to become fully operational. This is a unique opportunity to obtain a true value added apartment property in a location which offers strong employment with real future potential.

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220 units : SWIMMING POOL - VOLLEYBALL COURT - ON SITE LAUNDRY - PLAYGROUND - COVERED PARKING

¨ 220 units
¨ 50% Occupied
¨ Built 1981
¨ 147,940 Rentable Sq. Ft.
¨ Large Units


The property was built in 1981 and offers residents affordable living in a mature infill location, close to Las Vegas Blvd N. The property is an excellent value-add opportunity through rehabilitating the property and stabilizing the operations.

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