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8/27/19
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Mountain Vista, a 178-unit apartment complex in Las Vegas, has been sold in a recent $17.75 mil ($99.7k/unit) transaction. The property, located at 3950 S. Mountain Vista St, is conveniently located near major commuter freeways, local shopping center, dining venues, and minutes from the Las Vegas strip.
Built in 1979, the two-story property features a mix of one-, two and three-bedroom floor plans. Unit interiors offer walk-in closets, balconies, storage space, and high speed internet access. The community features a business center, breakfast/coffee concierge, grills, fitness center, laundry facilities, pool, and a picnic area.
Taylor Sims and Carl Sims of Cushman & Wakefield represented the seller, Haven Realty Capital. This marks the team’s third time selling the asset. Taylor stated, “This was a great value-add acquisition for the buyer, as 50% of the units had been renovated by previous ownership, proving their rent thesis.”
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