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Carlisle at Summerlin 
10250 N Covington Cross Dr
Las Vegas, NV 89144
County: Clark
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(702) 810-3606 |
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Nevada Realty Solutions
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| Type: | Multifamily
Garden/Low-Rise |
| No. Units: | 61 |
| Building Size: | 66,999 SF |
| Price: | $14,500,000 |
| Price/Unit: | $237,705 |
| Cap Rate: | 10.00% |
| Year Built: | 1998 |
| Date Last Verified: | 7/17/2008 |
| Property ID: | 15027051 |
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Property Description:
This is a group of 61 condo units at one of the most desireable condo locations in the heart of Summerlin in Las Vegas, NV. The group includes 12 X 1 bedroom 1 bath units with fireplaces (two with 1 car garage), 24 X 2 bedroom 2 bath units (22 with one car garage and two with two car garage), 13 X 3 bedroom 2 bath units (Ten with one car and Three with 2 car garage), 8 X a townhome style unit with 2 Master bedrooms and 2.5 baths a fireplace and 2 car garage, and 4 townhome style units with 3 bedroom 2.5 bath a fireplace and 2 car garage. All the units have granite counter tops in the kitchen. These units where built in 1998. They are all in a gated resort style community with a heated water fall pool, hot tub, outdoor fireplace, cardio and weight room, dry sauna, and club house. All this in the Master Planned community of Summerlin, ranked the number one Master Planned Community for 10 of the past 11 years. This is a must have for any investor. They could also make great second homes or corporate getaways. Seller will guarantee 10% cap rate for the first year. Buy one or buy all 61 - Seller is flexible. Price was 15,931,880 Now 14,500,000.
Location Description:
Located in the heart of Summerlin in Las Vegas, Nevada. From Summerlin Parkway and Town Center, take Town Center South to Covington Cross Drive. Head West on Covington Cross to 10250 N Covington Cross and enter through gate. Units are dispersed throughout complex. Please call in advance to set up appointment to review loactions of units. Please do not disturb tenants or other owners.
| No. Stories: | 2 | Commission Split: | 3% |
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| • | Over $300,000 Off Original Price | • | IN THE HEART OF SUMMERLIN LAS VEGAS NV |
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| • | Heated Waterfall Pool | • | Cardio and Weight Room |
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| • | Ranked Best Master Planned Community 10 of last 11 years | • | Guaranteed 10% cap rate for first year |
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| Year: | 2007 |
| Scheduled Gross Income: | $180,000 |
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| 1 BR 1 BA with fireplace/covered parking |
No. Units: 12
SF: 732
Avg. Mo. Rent: $950
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| 2 BR, 2 BA, 3 w/1 car & 1 w/2 car garage |
No. Units: 24
SF: 1,088
Avg. Mo. Rent: $1,100
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| 3 BR, 2 BA, 1 w/1 car & 1 w/2 car garage |
No. Units: 13
SF: 1,265
Avg. Mo. Rent: $1,250
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| 2 Masters 2.5 BA 2 Car Garage, Fireplace |
No. Units: 8
SF: 1,220
Avg. Mo. Rent: $1,300
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| 3 BR, 2.5 BA, 2 car garage, Fireplace |
No. Units: 4
SF: 1,471
Avg. Mo. Rent: $1,500
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| Debt & Equity Information |
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No Debt & Equity Information Provided
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3/2/2007
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| The information above has been
obtained from sources believed reliable. While we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial, and legal advisors. You and
your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for
your needs.
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