2437-2433 Clifford Ave

• Stabilized & Preforming
• 50% + Renovated
• Upside On Rents
• Great Downtown location
• Onsite Laundry room

Property Description

Ave 24 is a 44 unit garden style walk up Multifamily complex located in Downtown Las Vegas. The Ave 24 Complex has undergone interior renovations on 50%+ of units and rent increases throughout the entire property. The exterior has been painted and all windows have been replaced with high efficiency dual pane windows. The property is individually metered for power however some units rents include power provided by ownership. With the revitalization of Downtown Las Vegas well underway the Ave 24 Apartments offer new ownership the opportunity to continue to capitalize on the areas strong rental demand and continued redevelopment. Current occupancy is 90% and the property has enjoyed a historical occupancy of 97%. New developments surround the property including a Class A 300+ unit multifamily complex, self-storage, neighborhood grocery/gas station, Ihop and Firefly Casino. The unit mix at the Ave 24 Apartments consists of 2 studios and 42 Jr One bedroom floor plans. Average rent per unit is $817 or $2.97 per sqft which results in a true turnkey opportunity for new ownership. The Ave 24 apartments are within close proximity to major public transportation arteries, mass transit, shopping/dinning, Strip and Downtown employment opportunities, schools of all grade levels and much more. For more details including the historical property financials and a current rent roll please visit www.Ave24Apts.com. Do not visit property without an appointment or disturb any of the communities residents or staff. Contact Paul to discuss setting up a site visit or to submit your offers.