About Villas at 6300
The Cushman & Wakefield Multifamily Advisory group is pleased to present this confidential memorandum to purchase The Villas at 6300. Located in a gentrifying area of Las Vegas, adjacent to Summerlin, Villas at 6300 offers investors with the unique opportunity to purchase a 1997 vintage asset in a submarket that is currently experiencing an influx of capital, with comps undergoing $10K to $15K per unit renovation programs, while purchasing at a basis below replacement cost.
Ownership renovated 45 of the units in 2017 & 2018, proving out rent bumps of $119 per month on average. This renovation program includes flooring, paint, baseboards, hardware, and appliances. More recently, ownership has completed a full renovation on unit 1005, proving a rent premium of $216 over market and $256 over the previous resident. New ownership has the opportunity to renovate the additional 84% of units.
Tours are available upon request. Please contact Taylor Sims with any inquiries.