near major employment hubs

THE OPPORTUNITY

  • Undersupplied Submarket
  • Available Assumable Loan
  • Outstanding Unit Mix: 1, 2, and 3 Bedrooms
  • Located on the West Side of Interstate 15
  • Park-like Setting
  • 5 Miles West of 30,000 NEW Permanent Jobs
  • Excellent Curb Appeal
  • Demonstrated Rent Upside
  • Value-Add Play

PROPERTY

Alpine Village is a 324-unit, two-story, garden-style apartment community, located in Las Vegas, Nevada. Built in 1977, the property occupies a rentable area of 273,680 square feet. The property is comprised of wood-frame constructed buildings with built-up flat roofs, concealed with pitched composite shingles. Alpine Village offers a unit mix of 152 one-bedroom units measuring 680 square feet each, 140 two-bedroom units ranging from 890 to 960 square feet, and 32 three-bedroom units ranging from 1,153 to 1,445 square feet, with an overall average unit size of 845 square feet. The property is beautifully landscaped with manicured grass, mature shade trees, and vibrant flower beds. This pet-friendly property's community amenities include: two swimming pools, indoor spa, TV lounge, business center, clubhouse, fitness center, game room with billiards, five laundry facilities, part-time courtesy patrol, picnic and barbeque areas, playground, soccer field, on-call maintenance, and covered parking.

AMENITIES

UNIT AMENITIES

  • Central Air Conditioning / Heating
  • All Electric Kitchen
  • Carpeted Floors
  • Ceiling Fans
  • Dishwasher
  • Refrigerator
  • Range / Oven
  • Extra Storage
  • Spacious Closets
  • Private Patio / Balcony
  • Vertical Blinds
  • Washer / Dryer In Unit*
  • Wood-Burning Fireplace*
  • Remodeled Interiors* *Select Units

COMMUNITY AMENITIES

  • Two Swimming Pools
  • Fitness Center
  • Indoor Spa
  • Five Laundry Facilities
  • Business Center
  • Clubhouse
  • Covered Parking
  • Game Room with Billiards
  • TV Lounge
  • Part-Time Courtesy Patrol
  • On-Site Maintenance
  • Barbeque / Picnic Areas
  • Playground
  • Soccer Field
  • Easy Access to Freeways and Shopping
  • Near Public Transportation

LOCATION

Economic Snapshot

Demographics

Alpine Village is located in Las Vegas, Nevada, northwest of the city's downtown and the Las Vegas Strip. The property is conveniently situated near public transportation and Interstate 15, connecting residents to abundant employment opportunities across the metropolitan area. Major economic drivers close to the property include Sunrise Hospital, headquarters for Zappos.com, and the 508-bed University Medical Center. With proximity to the Las Vegas Strip, residents can enjoy the city's best shopping, dining, and entertainment options. Supporting more than 400,000 jobs, the Las Vegas Strip is also a major employment hub. Numerous parks and golf courses are nearby the property, including the 70-acre Craig Ranch Regional Park, which hosts community events, festivals, and concerts.

CONTACT

Investment Advisors

angela powers

Senior Director

angela.powers@berkadia.com

702.866.6253

brian anderson

Managing Director

brian.anderson@berkadia.com

702.522.2185

jared glover

Associate Director

jared.glover@berkadia.com

702.522.2729

LAS VEGAS OFFICE

2200 Paseo Verde Parkway, Suite 200

Henderson, NV 89052

Phone: 702.866.6333

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx