How to Rent a House in Vegas for Under $500K
The most expensive apartment in the Las Vegas area is now available for $500,000, thanks to a $6,500 loan from a developer.
The apartment was once only available for sale in the city of Las Vegas.
The deal, signed this week, is one of the largest rental properties in the country.
It was bought by an unnamed developer, who now intends to use the $5.9 million in financing to build a three-bedroom apartment for $2,000 a month.
The developer, David Serna, was the owner of an apartment in Las Vegas for nearly 20 years and recently sold the property to a group of investors.
Sernabelli said the apartment is being renovated and will feature an air conditioning unit and a large kitchen.
The price tag on the property is expected to be $2.6 million, according to a listing on the real estate website Redfin.
A real estate agent with the Las Venenos group said they are looking to lease the property for $1,250 a month, which would include utilities and a $300 monthly mortgage.