Fremont Gardens 2 is a motel-style apartment complex. With high occupancy, the property provides demonstrated rent upside and value-add opportunity though unit expansion. Exterior upgrades have been made within the last three years which includes: fresh exterior paint, new windows, new unit doors, and new landscape. The owner is currently planning exterior capital expenditures for 2019 which will include repaving and re-striping the parking lot and painting the walkways.
Fremont Gardens 2 is conveniently located in Downtown Las Vegas - 2 miles east of the Fremont Street Experience and 6 miles north of the Las Vegas Strip. The property is walking distance from Fremont East, a trendy neighborhood filled with arts, live entertainment, restaurants and lounges.
Fremont Gardens 2 is a 59-unit, motel-style apartment community located in Las Vegas, Nevada. Built in 1960, the property is comprised of flat roofing and masonry construction.
The property's unit mix is made up of 59 studio apartments, each measuring 250 square feet. Each unit is fully furnished and includes hot plate burner, refrigerator, granite countertop, tile flooring, and air conditioning.
This pet-friendly property's community amenities include: a dog park, an on-site laundry facility, and security patrol. The property's proximity to the popular Fremont Street Experience and Fremont East is a major draw to renters.
Fremont Gardens 2 is located in Las Vegas, Nevada, east of the city's downtown, and northeast of the Las Vegas Strip. The property is conveniently situated near public transportation and Interstates 15 and 515, connecting residents to abundant employment opportunities across the metropolitan area. Major economic drivers close to the property include the Fremont Street Experience and the Las Vegas Strip. 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.
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