Las Vegas Multi-Unit Padsplit – Cash-Flow Focused
Description
Value-add Padsplit conversion of a 12-unit multifamily in a strong Las Vegas rental submarket. All units will be converted to furnished Padsplit rooms with shared common areas. Proven operator with 3-year track record in the market.
Metrics
- CoCR
- 14.2%
- Target IRR
- 22%
- Hold period
- 5–7 years
- Tax depreciation
- 0-0.8x
Sponsor
Turnkey Associates LLC
New York, NY
Turnkey Associates LLC specializes in Padsplit and multifamily value-add conversions in strong rental markets.
View sponsor profileDeal Bridge
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Common Questions
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