3 KEYS Communities

3 KEYS Communities  is excited to announce the upcoming acquisition of a 233-unit portfolio of an affordable housing apartment community comprised of 12 different properties throughout the Las Vegas Valley in Nevada by a limited group of Sophisticated Investors for a purchase price of $28,293,425.

Close of escrow for last property is expected to occur March 30, 2024.

Las Vegas has a population of 656,274. Median household income $61,356. 46% of Households are renters.

New mortgage with a fixed 7.15% interest rate with a 12 month interest-only period, 5 Year Term

Hiring 3rd party Property Management firm with over 17 years of experience.

Residents are directly funneled through Clark County via the Rapid Rehousing Initiative.

Lease periods of 1 to 2 years while residents build a financial foundation.

Mix of Studios, 1-Bed, 2-Bed, 3-Bed and 4-Bed apartments. 

Occupancy at 92% as of September 2023.