$53,500 | Las Vegas, Nevada | 2 Bedrooms

DETAILS

          Limited availability - Apartments in Las Vegas

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          Newley built, some with tenants already in place

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          From only $262,000 / approx L141,000

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          Well fitted out and ready to move in or rent

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          Under market value and good buy-2-let

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          Close to the Vegas Strip and local Amenities

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          High potential capital growth when the market bounces

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          Pay only 10% deposit between now and April 09



Luxury condominiums in a gated enclave just off of Las Vegas Blvd. South, only minutes to the International Airport, the University of Nevada Las Vegas (25,000 students) and the ever famous 'strip'.  Local attractions (within walking distance) include the 25 story South Coast Hotel and Casino and the new Town Square complex which features 150 retail shops, 12 restaurants and a 20-screen movie-theatre.  These Condominiums brings the best of the urban lifestyle to Las Vegas for an excellent price, lots of facilities, healthy rental yields and with only 50 units remaining.







'M Condominiums' community’s hub is a contemporary, 10,000 sq ft glass clubhouse.  The clubhouse includes a business center and separate conference room, a screening room with a state of the art projection system, and a lounge with a full kitchen and bar, which are available to reserve for parties or meetings. The 24 hour fitness facility has commercial grade equipment, including treadmills and elliptical machines, with personal entertainment centers at each work out station, and a separate room featuring free weights. A sauna, massage rooms, and separate men’s and women’s locker rooms are available.



The community features extensive outdoor facilities are set in beautifully landscaped gardens.  A 1.5 acre grassy Central Park is the perfect place to meet your neighbors, and provides ample space for volleyball, or lounging in the hammock, and is the backdrop to the centrally located barbeque pavilion. Two pools, a tennis court lit for night use, and a basketball court are also available. The community is pet friendly, featuring a dog run.



There is a full time concierge that facilitates everything from dry cleaning delivery to restaurant reservations and show tickets.  The community security consists of a manned guard gate, 24/7 roving patrols, closed circuit security cameras which monitor activities and are available to view within your home and programmable electronic key fobs which allow access to elevators and buildings.  Guest suites are available to reserve for visiting friends and family. Free WiFi internet is provided in the park, pool and clubhouse areas.







These units are expected to achieve excellent rental yields and huge capital uplift based upon comparables in the area and the builders closed sales records over the last three years.  All Units are all completed but for leverage purposes we have negotiated to push closings out until April 1, 2009.    There are quite a few closed sales for the exact same 2 bedroom units in this project in the mid $400,000s from 2006/07.   This makes these units over 40% off original prices...   



...the ultimate builder closeout/forced sale opportunity!  







$5000 to reserve



Balance of 5% within 60 days of reservation



Balance of 10% within 120 days of reservation



Completion – April 1st, 2009   (Up to 75-80% LTV available subject to status)