Harvard Place Apartments Sell for $500,000

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Harvard Place Apartments Sell for $500,000Mission LV LLC bought the 54-year-old, 30-unit Harvard Place Apartments at 2201-2209 Sunrise Ave. in Las Vegas for $500,000, or $16,667 per unit, from Zinc Financial Inc. The transaction closed in 11 days with a 10 percent capitalization rate. NAI Sauter CompaniesDevin Lee and Patrick Sauter represented the seller. The complex of three two-story buildings, on 0.60 acres, consists of one-, two- and three-bedroom residences. The sale price equals $21.51 per square foot.