2405 McCarran Street
Property Description
"6-Unit Cash-Flowing Apartment Property with Approved Expansion Opportunity to 12 Units!" Rare Value-Add Multifamily Investment Opportunity! This exceptional offering includes two parcels: an income-producing 6-unit apartment property plus the adjacent vacant lot, creating a unique opportunity to expand an already performing asset. The existing improvements consist of two triplex buildings featuring six spacious 2-bedroom, 2-bath units, all currently occupied by tenants placed through HopeLink of Southern Nevada. Included in the sale are architectural plans (see photos) for the construction of two additional triplex buildings, increasing the property's potential from 6 units to 12 units. The proposed buildings would be constructed north of the existing apartments, allowing the current six units to remain in place and continue generating income during development. An approximately 1,850-square-foot warehouse between the existing buildings would be removed and replaced with a beautifully designed central courtyard serving all 12 units. This is a rare opportunity to acquire a stabilized multifamily asset with a clear path to significantly increasing cash flow and long-term value. Ideal for investors, developers, or 1031 exchange buyers seeking immediate income with future upside. Buyers should independently verify zoning, development requirements, permits, utility capacity, and all approvals. Adding to the property's appeal, a brand-new North Las Vegas Fire Station is under construction immediately west of the property, reflecting continued public investment and neighborhood growth. Opportunities combining existing cash flow, expansion plans, additional land, and substantial upside are rarely available. Don't miss this chance to own a premier multifamily investment with immediate income and exceptional future potential.
Broker Details
Coldwell Banker Premier Realty (702) 871-9500
MLS ID: 227131 State License Number: S.0169549
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,800,000 |
| No. of Units: | 1 |
| Year Built: | 1963 |
| Lot Size: | 5,760.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $1,800,000 |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-GLVARNV-2803671
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