1635 Palm St | Henderson, NV 89011
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- LoopNet Team
1635 Palm St
Henderson, NV 89011
The Palms Apartments · Multifamily Property For Sale · 26 Units
Investment Highlights
- Stabilized Asset at a 6.57% Current CAP Rate
- Within a Quick 10 Minute Drive of All of the Amenities Located at the Water Street Plaza in Downtown Henderson
- Community Amenities Include Community Patio Area, Storage Units for Rent, On-Site Laundry, a Dog Park, and More
- By Increasing Rents to Recently Achieved Highs at Property, New Owner Can Get Over a 7% CAP Rate Within the First Few Months of Ownership
- The Palms Apartments is Well-Suited to Provide Investors with Strong Returns from Day 1 and Increased Returns within the First 90 Days
- Current Ownership Recently Invested Significant Capital into Interior and Exterior Upgrades
PROPERTY FACTS
| No. Units | 26 | Lot Size | 1.08 AC |
| Property Type | Multifamily | Building Size | 12,180 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 1 |
| Building Class | B | Year Built | 1967 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.08 AC |
| Building Size | 12,180 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1967 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 200 - 400 |
| 1+1 | 9 | - | 300 - 600 |
| 2+1 | 6 | - | 520 - 735 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $60,464 | |
| Land Assessment | $160,043 | Total Assessment | $220,507 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$160,043
Improvements Assessment
$60,464
Total Assessment
$220,507
zoning
| Zoning Code | MC |
| MC |
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