Property Description

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: anincome-producing 6-unit apartment property plus the adjacent vacant lot, creating a unique opportunity toexpand an already performing asset. The existing improvements consist of two triplex buildings featuringsix spacious 2-bedroom, 2-bath units, all currently occupied by tenants placed through HopeLink ofSouthern Nevada.Included in the sale are architectural plans (see photos) for the construction of two additional triplexbuildings, increasing the property's potential from 6 units to 12 units. The proposed buildings would beconstructed north of the existing apartments, allowing the current six units to remain in place and continuegenerating income during development. An approximately 1,850-square-foot warehouse between theexisting buildings would be removed and replaced with a beautifully designed central courtyard serving all12 units.This is a rare opportunity to acquire a stabilized multifamily asset with a clear path to significantlyincreasing cash flow and long-term value. Ideal for investors, developers, or 1031 exchange buyers seekingimmediate income with future upside. Buyers should independently verify zoning, developmentrequirements, permits, utility capacity, and all approvals.Adding to the property's appeal, a brand-new North Las Vegas Fire Station is under constructionimmediately west of the property, reflecting continued public investment and neighborhood growth.Opportunities combining existing cash flow, expansion plans, additional land, and substantial upside arerarely available. Don't miss this chance to own a premier multifamily investment with immediate incomeand exceptional future potential.

Property Features

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