207 11th

    Las Vegas, NV 89101
    • $1,750,000
    • STATUS: Active Under Contract
    • ON SITE: 454 days
    • ID#: OC18122047
    Under Contract
    UPDATED: 17 min ago
    $1,750,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,555
      SQFT
    • $183
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    SEE ATTACHED OM207th N 11th Street (30 studio units and a single 1/1)APN 139-35-211-0531108 East Ogden Ave (1 SFR and parking lot)APN 139-35-211-054-PIQ is located in the OPPORTUNITY ZONE for huge tax incentives.-30 Studio units plus an attached 1/1 manager unit plus a 1/1 SFR (32 Total Units)-Units are considered Single Room Occupancy (SRO) meaning each studio has a full size refrigerator, but no kitchen sink and no stove. Microwaves are allowed. There is a community kitchen.-Ogden 1/1 is 682 SF and 11th Street are 31 units and approx. 9,000 living SF-Close to Zappos HQ and downtown Container Park in the East Fremont District-Recently completed Environmental Phase 1 Report in Feb 2019-Recently completed Property Inspection report in March 2019.-Current owner has owned since 2008.-16 tenants have been there more than one year with the longest tenant occupying since 2008-100% Occupancy-VCT Flooring-Original Electric and plumbing-Foam Roof completed between 2009-2010-Currently appr. 10 parking spots but could be over 20 if lot was cleared.-2 separate parcels sold together-.48 acres for both lots-Owner pays all utilities and basic furnishings.-Year Built: 11th Street (31 Unit Main Building) built in 1963 and Ogden (1/1 SFR) was built in 1930-Community Laundry room profits approx. $100 per month-Wall mounted PTAC units for heat and AC in each unit.-No Assumable Loan and Owner not willing to carry a note.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T00:31:10.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/83884507

    207 11th Las Vegas, NV 89101

    • Price: $1,750,000
    • Status: Active Under Contract
    • Updated: 17 min ago
    • ID#: OC18122047
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    9,555
    SQFT
    $183
    $/SQFT
    1963
    Built
    County:
    Other State
    Property Description
    SEE ATTACHED OM207th N 11th Street (30 studio units and a single 1/1)APN 139-35-211-0531108 East Ogden Ave (1 SFR and parking lot)APN 139-35-211-054-PIQ is located in the OPPORTUNITY ZONE for huge tax incentives.-30 Studio units plus an attached 1/1 manager unit plus a 1/1 SFR (32 Total Units)-Units are considered Single Room Occupancy (SRO) meaning each studio has a full size refrigerator, but no kitchen sink and no stove. Microwaves are allowed. There is a community kitchen.-Ogden 1/1 is 682 SF and 11th Street are 31 units and approx. 9,000 living SF-Close to Zappos HQ and downtown Container Park in the East Fremont District-Recently completed Environmental Phase 1 Report in Feb 2019-Recently completed Property Inspection report in March 2019.-Current owner has owned since 2008.-16 tenants have been there more than one year with the longest tenant occupying since 2008-100% Occupancy-VCT Flooring-Original Electric and plumbing-Foam Roof completed between 2009-2010-Currently appr. 10 parking spots but could be over 20 if lot was cleared.-2 separate parcels sold together-.48 acres for both lots-Owner pays all utilities and basic furnishings.-Year Built: 11th Street (31 Unit Main Building) built in 1963 and Ogden (1/1 SFR) was built in 1930-Community Laundry room profits approx. $100 per month-Wall mounted PTAC units for heat and AC in each unit.-No Assumable Loan and Owner not willing to carry a note.
    Exterior Features

    Garage Spaces 0.00 Lot Features 31-35 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Foam Spa Features None Spa YN No View None View YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Electric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Heating Electric Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 13935211054 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 3504.00 Cap Rate 7.47 Community Features CurbsSidewalks Country Us Electric Electricity - On Property Electric Expense 15382.00 Elevation Units Feet Fuel Expense 1862.00 Gross Income 227760.00 Gross Operating Income 212966.00 Gross Scheduled Income 227760.00 Insurance Expense 5769.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Maintenance Expense 16000.00 Net Operating Income 130702.00 New Construction YN No New Taxes Expense 5407.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 32 Operating Expense 82264.00 Pest Control Expense 7320.00 Professional Management Expense 11328.00 Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Total Actual Rent 226560.00 Total Expenses 82264.00 Trash Expense 3612.00 Utilities Electricity ConnectedNatural Gas Connected Vacancy Allowance Rate 6.00 Water Sewer Expense 12080.00 Water Source Public Year Built Source Seller

    Listing provided courtesy of Brad Petersen of Pay It Forward Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T00:31:10.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024