What do you think about this property?
Looking through loopnet in Las Vegas, I saw this multifamily property to be built by 2021. It's basically an 8-story luxury building, 343 units with 7,935 sf of ground floor retail, restaurants. Offered at 6.8 million. 425,926 sf building space. Rents will range from $1350-3800. The location may not be the best for this type of property but it's located in a high traffic location with plenty of retail around and close to downtown. Numbers are a bit unrealistic for me but if true I think is a great investment. I will be glad to hear opinions from large multi investors. Thank you
Here is the link to loopnet
https://www.loopnet.com/Listing/923-E-Charleston-Blvd-Las-Vegas-NV/16786115/