SANDPIPER APARTMENT HOME - 488 UNITS

The Sandpiper Apartments represents an excellent opportunity for investors to acquire a well-maintained property located in Las Vegas, Nevada, with a new assumable loan. The property consists 488 apartments Homes with a strong unit mix - 49 % 1-Bedroom/1-Bath & 51% 2-Bedroom/2-Bath, which are located within 61 buildings. Constructed in 1987, this community features plenty of amenities including three pools and spas, a 1,500-square-foot fitness room, and well-maintained landscaping. Investors have the opportunity to increase income through the reduction of loss-to-lease and by establishing market rents with the competitive market.
Sandpiper Apartments is well positioned to benefit from the rising economy in Las Vegas area, which is expected to increase annual rental growth over the next several years. A growing job market enhanced apartment fundamentals in Las Vegas in 2014. Employers produced over 20,000 jobs. The influx of new inventory combined with thinning demand will lead to rents advancing close to four percent.
With 34% down ($15,500,000), Buyer to assume Sellers existing loan @ $30,500,000, 4,.85% interest only payments for the first 3 years. Due in 10.

Buyer too cooperate with Sellers 1031 exchange.

The Sandpiper Apartments represents an excellent opportunity for investors to acquire a well-maintained property located in Las Vegas, Nevada, with a new assumable loan. The property consists 488 apartments Homes with a strong unit mix - 49 % 1-Bedroom/1-Bath & 51% 2-Bedroom/2-Bath, which are located within 61 buildings. Constructed in 1987, this community features plenty of amenities including three pools and spas, a 1,500-square-foot fitness room, and well-maintained landscaping. Investors have the opportunity to increase income through the reduction of loss-to-lease and by establishing market rents with the competitive market.
Sandpiper Apartments is well positioned to benefit from the rising economy in Las Vegas area, which is expected to increase annual rental growth over the next several years. A growing job market enhanced apartment fundamentals in Las Vegas in 2014. Employers produced over 20,000 jobs. The influx of new inventory combined with thinning demand will lead to rents advancing close to four percent.
With 34% down ($15,500,000), Buyer to assume Sellers existing loan @ $30,500,000, 4,.85% interest only payments for the first 3 years. Due in 10.

Buyer too cooperate with Sellers 1031 exchange.