With the way everything is going, and with Downtown Las Vegas in need of housing, here is an opportunity for a small investor to make some money.
OK, you could make a lot of money, but you have to be patient. (If you are NOT patient, you won't make any money.)
a 42 unit apartment building, that had a fire, will begin renovation at the end of September, 2020. The contractor says it will take him six to nine months to repair, renovate and improve the fire damaged building.
The Alpine Motel Apartments
That's right! The Alpine Studio Apartment building is ripe with profit! IF you make an offer now, let it sit in escrow while being repaired, then close upon it's completion.
And, if you wait too long, once fully occupied at +/-$900 per month per unit, the market value of this apartment building becomes +/-$4.2 million or more! (That would be your loss!)
Now, right now, you could put this property in escrow at $3.3 Million, wait for the construction to be completed, then close before leasing. And the Close of Escrow could be contingent upon the City of Las Vegas approving residents occupying the building once again.
Contact David Howes: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!