200 S. 8th Street
Property Description
Carson View Suites is a well‑positioned, value‑add multifamily asset in the heart of Downtown Las Vegas, directly across from Container Park on Fremont Street. Originally built in 1963 as an 86‑room motel, the property now operates as an 83‑unit apartment building offering a mix of junior studios, studios, and one‑bedroom units. The property sits on 0.35 acres with approximately 18,894 rentable square feet (average unit size ~228 sqft). The building boasts a three‑story wood‑frame construction with exterior corridor access, stucco siding and a flat roof. Priced at $6,900,000 ($83,113 per unit), the asset currently achieves an average rent of $891 per month. Carson View Suites’ strategic location and stable operations create an exceptional value‑add opportunity. Investors with operational expertise can leverage nearby remodeled studios with rents reaching up to $4/sq ft. Converting units to include full‑size kitchens and modernized interiors represents a primary path to realize highest and best use. Alternatively, the asset can continue to produce market‑rate cash flow and has demonstrated strong resilience remaining fully occupied with minimal delinquencies during the COVID‑19 downturn and maintaining high occupancy over the past six years.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,000,000 |
| No. of Units: | 83 |
| Year Built: | 1963 |
| Lot Size: | 0.35 Acres |
| Opportunity Zone: | No |
| Price per unit: | $72,289 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
3604 Glendale Avenue
North Las Vegas, Nevada
3616 Glendale Avenue
North Las Vegas, Nevada
220 Virginia Dr
Estes Park, ColoradoBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout