Cassia Apartments | 319-321 S 9th St
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Cassia Apartments 319-321 S 9th St
16 Unit Apartment Building $3,558,100 CAD ($222,381 CAD/Unit) Las Vegas, NV 89101
Investment Highlights
- Fully fenced with coded entry access.
- On-site laundry facilities.
- Modern-retro renovated units.
- Well-manicured common area with dining area, BBQ, lounge and mature landscaping.
- Near abundant Downtown lifestyle and quick access to I-15 and US-95 freeways.
Executive Summary
The Cassia Apartments consists of (8) one bedroom/one bath units and (8) two bedroom/two bathroom units. The property sits on .32 acres in the heart of downtown Las Vegas. Cassia offers residents a quiet, secluded living environment within walking distance to over 100 restaurants, bars and coffee shops in the East Fremont and DTLV District.
The property features a modern-retro resident experience boasting heritage-rich features with tastefully modernized units. The asset was fortunate enough to receive a professionally branded, community-themed experience f rom the late visionary Tony Hsieh and DTP Companies (fka Downtown Project). The perimeter and courtyard of the community are fully-fenced with coded entry access gates. The interior courtyard portrays a well-manicured common area with dining area, BBQ, lounge, mature landscaping and on-site laundry. Each of the apartments is equipped with stainless steel appliances, quartz counters, euro-style cabinets and updated flooring carefully designed to offer a timeless modern appeal.
Positioned off an access street for the Las Vegas Academy of the Arts, Cassia is rarely subject to drive through traff ic, all the while sitting conveniently close to all the abundant lifestyle Downtown Las Vegas living has to offer. With quick access to the I-15 and US-95, these renovated apartments are ideal for both personal and professional lifestyles. The Downtown Las Vegas corridor has now become a sustainable, modern, and urban city environment. This eye-catching complex is one of the pioneers of the Downtown revival, offering opportunity to any investor seeking to break into one of the few, still active, redevelopment and growth focused sectors of Las Vegas.
The property features a modern-retro resident experience boasting heritage-rich features with tastefully modernized units. The asset was fortunate enough to receive a professionally branded, community-themed experience f rom the late visionary Tony Hsieh and DTP Companies (fka Downtown Project). The perimeter and courtyard of the community are fully-fenced with coded entry access gates. The interior courtyard portrays a well-manicured common area with dining area, BBQ, lounge, mature landscaping and on-site laundry. Each of the apartments is equipped with stainless steel appliances, quartz counters, euro-style cabinets and updated flooring carefully designed to offer a timeless modern appeal.
Positioned off an access street for the Las Vegas Academy of the Arts, Cassia is rarely subject to drive through traff ic, all the while sitting conveniently close to all the abundant lifestyle Downtown Las Vegas living has to offer. With quick access to the I-15 and US-95, these renovated apartments are ideal for both personal and professional lifestyles. The Downtown Las Vegas corridor has now become a sustainable, modern, and urban city environment. This eye-catching complex is one of the pioneers of the Downtown revival, offering opportunity to any investor seeking to break into one of the few, still active, redevelopment and growth focused sectors of Las Vegas.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $3,558,100 CAD | Building Class | C |
Price Per Unit | $222,381 CAD | Lot Size | 0.32 AC |
Sale Type | Investment | Building Size | 12,136 SF |
No. Units | 16 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built/Renovated | 1960/2013 |
Apartment Style | Low Rise | Opportunity Zone |
Yes
|
Price | $3,558,100 CAD |
Price Per Unit | $222,381 CAD |
Sale Type | Investment |
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.32 AC |
Building Size | 12,136 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1960/2013 |
Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- Fenced Lot
- Laundry Facilities
- Grill
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 8 | $1,494 CAD | 527 |
2+2 | 8 | $1,815 CAD | 990 |
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
Parcel Number | 139-34-712-020 | Total Assessment | $322,375 CAD |
Land Assessment | $119,552 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $202,823 CAD | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
139-34-712-020
Land Assessment
$119,552 CAD
Improvements Assessment
$202,823 CAD
Total Assessment
$322,375 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2024
zoning
Zoning Code | R-4 |
R-4 |
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Cassia Apartments | 319-321 S 9th St
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