The Radcliff Apartments | 2566 Sherwood Street, Las Vegas, NV 89109 | 22 Units | $2,640,000 | $120,000 Per Unit | $176 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (December 18, 2023) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,640,000 / $120,000 Per Unit / $176 Per SF sale of The Radcliff Apartments, a 22-unit multifamily apartment community located in Las Vegas, Nevada. ABI Multifamily's Jason Dittenber, Josh McDougall, and Anthony Marinello represented the seller in this transaction.
The buyer and seller are based in Nevada.
The Radcliff Apartments feature a total of 22 garden-style apartment units consisting of wood frame construction, stucco exterior finishes, and a flat roof situated on approximately 0.45 acres of land. The property consists of a mix of (2) studios, (12) one-bedroom / one-bathroom, and (8) two-bedroom / one-bathroom units with a weighted average of 682 square feet. The entire building is currently master leased by a long-term qualified tenant. Each unit is individually metered for electricity and has individual HVAC units. Interior amenities include air conditioning / heating, tile flooring, ceiling fans, and kitchens equipped with oven / stove, range, and refrigerator.
This apartment community is located in the Winchester neighborhood of Las Vegas. Situated right off Sahara Boulevard, between Paradise Road and Maryland Parkway, and just north of the Las Vegas Country Club. The property sits less than five miles from the Harry Reid International Airport and approximately three miles from the University of Nevada, Las Vegas, and within walking distance to the world-famous Las Vegas Strip. Residents enjoy a premium, central location with easy access to the Las Vegas Freeway (US Interstate 15) located just two miles to the west. Immediate neighborhood conveniences and services include Smith’s Grocery Store, CVS, Walgreens, Bank of America, and Chase Bank. The property is surrounded by multiple dining, entertainment, and shopping hubs which includes: The Historic Commercial Center District, Arts District, and the multitude of entertainment and dining opportunities along the Las Vegas Strip. Residents will have access to some of the area’s most popular local destinations that are all within walking distance of the property. Significant sources of employment in the area are dominated by leisure and hospitality opportunities along with positions in the professional and business sectors.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.