This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Cassia Apartments 319-321 S 9th St

16 Unit Block of Flats £1,967,125 (£122,945/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.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
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
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,967,125
Price Per Unit £122,945
Sale Type Investment
No. Units 16
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.32 AC
Building Size 12,136 SF
Average Occupancy 100%
Number of Floors 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 £826.19 527
2+2 8 £1,003 990
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
139-34-712-020
Land Assessment
£66,167
Improvements Assessment
£112,254
Total Assessment
£178,420
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2024

zoning

Zoning Code R-4
R-4
  • Listing ID: 34213473

  • Date on Market: 16/12/2024

  • Last Updated:

  • Address: 319-321 S 9th St, Las Vegas, NV 89101

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}