Windsor Apts - PRICE REDUCED - 100% Leased | 550 Elm Dr
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
thank you
Your email has been sent!
Windsor Apts - PRICE REDUCED - 100% Leased 550 Elm Dr
21 Unit Block of Flats £2,801,171 (£133,389/Unit) 7.03% Net Initial Yield Las Vegas, NV 89169
Investment Highlights
- Pool / Jacuzzi
- Secured / Gated Property
- H-1 Zoning (Can be converted into a Hotel, Air BnB or even Condo's)
- On-site Laundry (extra income)
- Large Sized Units
Executive Summary
Owner will carry with a large down payment. Because it's on H-1 Zoning (which is the best zoning in Las Vegas)...This property is a perfect conversion for a Hotel, Airbnb, or Condominiums. The units are very spacious. Property is Gated. Has a Swimming Pool. On-site Laundry Room (extra income). (1, 2 & 3 bedrooms it also has 1 four bedroom unit). Owner will carry with a large down payment.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£233,683
|
£9.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£233,683
|
£9.24
|
| Taxes |
£10,985
|
£0.43
|
| Operating Expenses |
£20,636
|
£0.82
|
| Total Expenses |
£31,620
|
£1.25
|
| Net Operating Income |
£202,063
|
£7.99
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | £233,683 |
| Annual Per SF | £9.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £233,683 |
| Annual Per SF | £9.24 |
| Taxes | |
|---|---|
| Annual | £10,985 |
| Annual Per SF | £0.43 |
| Operating Expenses | |
|---|---|
| Annual | £20,636 |
| Annual Per SF | £0.82 |
| Total Expenses | |
|---|---|
| Annual | £31,620 |
| Annual Per SF | £1.25 |
| Net Operating Income | |
|---|---|
| Annual | £202,063 |
| Annual Per SF | £7.99 |
Property Facts
| Price | £2,801,171 | Building Class | C |
| Price Per Unit | £133,389 | Lot Size | 0.94 AC |
| Sale Type | Investment | Building Size | 25,280 SF |
| Net Initial Yield | 7.03% | Average Occupancy | 100% |
| Sale Conditions | 1031 Exchange | Number of Floors | 2 |
| No. Units | 21 | Year Built/Renovated | 1970/2022 |
| Property Type | Residential | Parking Ratio | 1.76/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | £2,801,171 |
| Price Per Unit | £133,389 |
| Sale Type | Investment |
| Net Initial Yield | 7.03% |
| Sale Conditions | 1031 Exchange |
| No. Units | 21 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 25,280 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1970/2022 |
| Parking Ratio | 1.76/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Wooden Floors
- Refrigerator
- Carpet
- Freezer
Site Amenities
- Controlled Access
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 7 | £778.54 | 750 |
| 2+2 | 11 | £895.91 | 900 - 1,000 |
| 4+2.5 | 3 | £1,228 | 1,200 - 1,400 |
1 of 1
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 162-15-201-010 | Total Assessment | £304,952 (2024) |
| Land Assessment | £94,892 (2024) | Annual Taxes | £10,985 (£0.43/sf) |
| Improvements Assessment | £210,060 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
162-15-201-010
Land Assessment
£94,892 (2024)
Improvements Assessment
£210,060 (2024)
Total Assessment
£304,952 (2024)
Annual Taxes
£10,985 (£0.43/sf)
Tax Year
2022
zoning
| Zoning Code | H-1, County (H-1 Zoning is considered to be the best zoning in Las Vegas. It is the Limited Resort and Apartment district.) |
| H-1, County (H-1 Zoning is considered to be the best zoning in Las Vegas. It is the Limited Resort and Apartment district.) |
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Windsor Apts - PRICE REDUCED - 100% Leased | 550 Elm Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.