Sunrise Springs Apartments in Las Vegas, NV

Project Details

Location
Las Vegas, NV
Property Type
Multifamily
Size
192 Units
Vintage
1989
Purchase Price
$22,000,000

Purchased for $22 Million

Adding value with renovations, amenity upgrades, and new property management.

Value-Add Business Plan

  • Pursuant to the business plan, capital improvements have included upgrading the clubhouse (new vinyl plank flooring, paint, furniture, windows, and kitchenette), adding new pool furniture, implementing a package station, and renovating 74 unit interiors. CWCIM anticipates renovating the remaining unit interiors upon roll.
  • Newly renovated 1-, 2-, and 3-bedroom units are achieving $88, $164, and $203 rent premiums over unrenovated units, respectively.
  • CWCIM implemented a more effective property management company in July 2019 (Latitude Property Management).

About CW Investment Management

Our team of commercial real estate experts utilize decades of experience to generate high returns on investments. With integrity and attention to detail, we build real value and relationships.

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