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2001 Fremont St

25 Unit Apartment Building $6,328,800 CAD ($253,152 CAD/Unit) 8.16% Cap Rate Las Vegas, NV 89101

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Investment Highlights

Government Tenant
Secure building with little need for maintenance

Triple Net Asset
Highly Desired Location

Executive Summary

WELCOME to 2001 Fremont Street! An Institutional grade TRIPLE NET (NNN) Multi Family asset. Once an acclaimed star studded Motel in Las Vegas turned institutional grade Multi Family building in the heart of Las Vegas. This asset is entirely subleased by the government for no headache management. Made up of 26 units - 19 Studios, 5 1 bed & 2 2 beds. This asset is fully renovated, (with permits), maintains a strong tenant and situated in a great location. Building comes with major upgrades, gated entry, Laundry room, controlled access, stainless steel appliances, beautiful black cabinetry, quartz counter tops, recess lighting, fans, ac units and more. Fully landscaped with many date Palm and canary palm trees, pavers throughout and more. The laundry unit can be converted back to a studio unit which would make the property 26 units in total.
Located in the heart of Fremont- this asset will always maintain strong demand. Directly across the street is a condo building selling units for $500k. In this uncertain climate buying an asset with a government guarantee in a growing market is the way to go.

Property Facts

Price	$6,328,800 CAD	Building Class	C
Price Per Unit	$253,152 CAD	Lot Size	0.75 AC
Sale Type	Investment	Building Size	8,608 SF
Cap Rate	8.16%	Average Occupancy	100%
No. Units	25	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1956/2023
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	3.25/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$6,328,800 CAD
Price Per Unit	$253,152 CAD
Sale Type	Investment
Cap Rate	8.16%
No. Units	25
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.75 AC
Building Size	8,608 SF
Average Occupancy	100%
No. Stories	1
Year Built/Renovated	1956/2023
Parking Ratio	3.25/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.