Camino 2556
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Affordable housing near Convention Center and the Strip, with 1-3 bedroom floor plans, undergoing improvements, strategically located for job opportunities from nearby projects.
units
28
Location
Las Vegas, NV
Category
Value-add
Dev began
Dev Complete
Status
Active
Type
MOIC
%$ Return at refi
% IRR
The Camino 2556 Apartments, located within a mile of the Las Vegas Convention Center and the north end of the Las Vegas Strip, are strategically positioned for affordable workforce housing. The proximity to significant construction projects, including Resorts World, the Drew, the MSG Sphere, and the $980-million expansion of the Las Vegas Convention Center, adds value by creating job opportunities. These projects are expected to generate over 20,000 jobs, all within walking distance of our communities.
Currently undergoing approximately $300,000 in interior and exterior improvements, the Camino 2556 Apartments, built in 1963, offer spacious 1-, 2-, and 3-bedroom floor plans with oversized kitchens and closets. Situated on .68 acres, the property comprises four garden-style buildings, contributing to a comfortable and convenient living experience in the bustling city of Las Vegas.
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