Las Vegas Waterfront Condos available!!!
Five Stream Ventures, LLC would like to present this beautiful portfolio sale of 45 waterfront condominiums (1 seller) in Las Vegas!
Purchase price is firm per the seller @ $10,300,000. Seller to pay theR.E. Commissions at this price only or should the executed purchase price be below $10.3 m, the buyer to pay the 3% real estate commission This spectacular 45 condominium portfolio is a broken or fractured Portfolio from one seller. There are a total of 97 condominiums in Villa Azure with many different Sellers. These 45 condos have the same one seller. Portfolio sale only. This controlled access/gated condominium community was built in 2015. Broken or fractured condo deals are a portion of larger community or Master planned community. The Villa Azure is located at 50 Aura de Blanco Street, Henderson, Nevada
89074 (suburb of Las Vegas). -The average monthly rent of the 45 condos are $1,345 and the condos are 1,268 square feet each. -the occupancy rate exceeds 90% -every condo is 3 bedrooms and 2 bathrooms -the condos offer a gourmet kitchen with granite counter tops and a pantry -flooring is lush carpeting and tile, there are 9 foot ceilings - all condos have a washer and dryer and all kitchen appliances are provided -there are window coverings, large walk-in closets -the condos either have a patio or a balcony, a porch or a deck -the condominiums interiors have very upscale features plus ceiling fans, -Large master bedrooms and there is a LAKE VIEW -Lake Meade is extremely close to Henderson, Nevada -there is a gorgeous pool and spa/hot tub, picnic and BBQ area -there is assigned garage parking. One assigned space per condominium FINANCIAL SUMMARY: OFFERING PRICE $9,850,000 PRICE PSF $172.63 PRICE PER UNIT $218,889 OCCUPANCY 98.00 % NOI (CURRENT) $455,153 NOI (At Market Rent) $454,292 CAP RATE (CURRENT) 4.62 % CAP RATE (At Market Rent) 4.61 % GRM (CURRENT) 13.31 GRM (At Market Rent) 12.96
Offering