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1701 N Rancho Dr
Las Vegas, NV 89106 Twin Lakes

$5,225,000 USD

Apartments For Sale • 21,500 SF

Property Details

Property Type Apartments
Total Building Size 21,500 SF
Lot Size 1.07 AC
Building Class C
Year Built 1985
Cap Rate 6.60 %
Zoning R-4

44 Transit Score

50 Walk Score

                
                    Highlights
                
                                30 Multi-Family Units with Studios & 2 Bedroom Floor Plans
                            
                                Significant Exterior & Interior Renovations, with Opportunity for Continued Improvements
                            
                                Located in an Emerging Las Vegas Submarket
                            
                                Within 0.5-Mile of a Major 73 Acre Mixed-Use Redevelopment
                            
                                Easy Access to US Route 95B & Interstate 15

Financial Summary (Proforma)

Net Operating Income: $344,651 USD (2025)

Cap Rate:	6.60 %
Total Expenses:	$140,842 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
ARG- Cora Apartments

Amenities

Air Conditioning
Balcony
Laundry Facilities
Refrigerator
Oven
Range

Public Transportation

Airport	Drive	Walk	Distance
Harry Reid International	17 min	-	9.2 mi
Boulder City Municipal	37 min	-	29.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Drew Holden 949-230-8342 Marcus & Millichap

1701 N Rancho Dr Las Vegas, NV 89106 Twin Lakes