**PRICE REDUCED BY $80K** 2224 Tam Drive Apartments

Investment Overview

Fortune Villas Apartments is a 8-unit garden-style multifamily property situated on a parcel totaling 0.16 acres in Las Vegas’ evolving Naked City neighborhood. Built in 1961 with 3,505 square feet of rentable area, the property features a single-story courtyard design with multiple wood and stucco buildings creating a community style open space with separation between units. The community comprises 7 one-bedroom/one-bathroom units averaging 465 square feet and 1 studio at 250 square feet, commanding an average rent of $913 per month with strong occupancy. Several units have been recently renovated, demonstrating the property’s signif icant value-add potential through systematic interior upgrades and rent optimization. Fortune Villas’s central location provides exceptional connectivity to the Las Vegas Strip employment corridor while serving a diverse tenant base of hospitality workers, service professionals, and urban residents seeking affordability and accessibility in one of the city’s most centrally located neighborhoods.

Investment Highlights

• Courtyard Design
• Recently Renovated Units Available
• Public Transportation Access
• Walking Distance to Strip Employment
• R-4 Zoning