147 Westminster WayHenderson, NV 89015

For Sale
$2,465,000

19-unit value-add apartment complex

Overview

Added:
Feb 13
Days on market:
29
This exceptional investment opportunity presents a portfolio of nineteen apartment units across four properties in Henderson, Nevada. The portfolio comprises a mix of studio, one, two, and three-bedroom units, strategically located within a two-mile radius, offering ease of management. The properties sit on a combined 0.92 acres and boast a total of 13,096 square feet of net rentable space. Built between 1942 and 1977, these seven buildings, each two stories high, are zoned RH-24, RH-36, and DR. The current NOI is $161,142, with a pro-forma NOI projected at $189,679, resulting in a current cap rate of 6.54% and a pro-forma cap rate of 7.69%. The asking price is $2,465,000, translating to $188.23 per square foot and $129,736.84 per unit. Conveniently located near major freeways (SR 582, I-11, and I-215), this portfolio offers excellent access to Downtown Henderson and the broader Las Vegas area. The properties are offered fee simple. Please note: Drive by only. Do not disturb residents.

Highlights

  • $2,465,000 asking price for a 19-unit multifamily portfolio in Henderson, NV.
  • Value-add investment opportunity with a 6.54% cap rate and a pro-forma cap rate of 7.69%.
  • 13,096 square feet across seven buildings on a 0.92-acre lot.
  • 19 units with a mix of studio, one, two, and three-bedroom floor plans.
  • Convenient location near major freeways and less than 10 minutes from Downtown Henderson.

Property Details for 147 Westminster Way

Property type
Multifamily properties, Apartment buildings
Square Feet
13,096 SF
Class
C
Year Built
1942
Buildings
7
Stories
2
Lot Size (sq. ft)
40,075 SF
Units
19

Location Insight

City
Henderson
County
Clark
State
Nevada
Latitude
36.037627064692
Longitude
-114.97057494797
147 Westminster Way, Henderson, Nevada

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147 Westminster Way
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