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1701 N Rancho Dr
Las Vegas, NV 89106 Twin Lakes

$4,900,000 USD

Apartments For Sale  •  21,422 SF

Property Details

  • Property Type Apartments
  • Total Building Size 21,422 SF
  • Lot Size 1.07 AC
  • Building Class C
  • Year Built 1985
  • Cap Rate 6.10 %
  • Zoning R-4
44 Transit Score
50 Walk Score

Highlights

Recent Renovations: Significant interior and exterior upgrades position the property for continued rent growth and improved tenant retention.
Redevelopment Proximity: Located within 0.5 miles of a 73-acre mixed-use project expected to drive long-term demand and area revitalization.
Emerging Submarket: Positioned in a rapidly improving submarket benefiting from ongoing residential, retail, and infrastructure development.
Value-Add Upside: Opportunity to increase rents through continued unit improvements, operational efficiencies, and market repositioning.

Financial Summary (Actual)

Net Operating Income: $298,776 USD (2026)
Cap Rate: 6.10 %
Total Expenses: $132,415 USD

Major Tenants

Tenant SF Occupied Lease End Date
ARG- Cora Apartments

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Courtyard
  • Laundry Facilities
  • Grill
  • Refrigerator
  • Oven
  • Range
  • Storage Space

Public Transportation

AirportDriveWalkDistance
Harry Reid International 18 min - 9.2 mi
Boulder City Municipal 38 min - 29.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 33
Type: Surface
Included in Rent: Yes
Drew Holden 949-230-8342 Marcus & Millichap
Drew Holden 949-230-8342 Marcus & Millichap