"6-Unit Cash-Flowing Apartment Property with Approved Expansion Opportunity to 12 Units!"
Rare Value-Add Multifamily Investment Opportunity! This exceptional offering includes two parcels: an
income-producing 6-unit apartment property plus the adjacent vacant lot, creating a unique opportunity to
expand an already performing asset. The existing improvements consist of two triplex buildings featuring
six spacious 2-bedroom, 2-bath units, all currently occupied by tenants placed through HopeLink of
Southern Nevada.
Included in the sale are architectural plans (see photos) for the construction of two additional triplex
buildings, increasing the property's potential from 6 units to 12 units. The proposed buildings would be
constructed north of the existing apartments, allowing the current six units to remain in place and continue
generating income during development. An approximately 1,850-square-foot warehouse between the
existing buildings would be removed and replaced with a beautifully designed central courtyard serving all
12 units.
This is a rare opportunity to acquire a stabilized multifamily asset with a clear path to significantly
increasing cash flow and long-term value. Ideal for investors, developers, or 1031 exchange buyers seeking
immediate income with future upside. Buyers should independently verify zoning, development
requirements, permits, utility capacity, and all approvals.
Adding to the property's appeal, a brand-new North Las Vegas Fire Station is under construction
immediately west of the property, reflecting continued public investment and neighborhood growth.
Opportunities combining existing cash flow, expansion plans, additional land, and substantial upside are
rarely available. Don't miss this chance to own a premier multifamily investment with immediate income
and exceptional future potential.