The Park is a 7 unit boutique apartment building located in downtown Las Vegas. This unique asset has been completely renovated inside and out offering stunning modern high end finishes such as, tile/laminate floors, granite counter tops with under mount stainless steel sinks, dual pane windows, private patios, tiled showers and stainless steel appliances. All units are individually metered and tenants are responsible to pay their own power and gas. The Park boutique apartments unit mix is comprised of six 1/1 floor plans and one 2/1 floor plan with a gross monthly income of $5680. This turnkey asset offers new ownership peace of mind with an opportunity to instantly realize their return on investment with solid carefully screened tenants and a newly renovated property with no differed maintenance.
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This was one deal the Pac-Man didn’t eat up.A Beverly Hills compound eyed by boxing great Manny Pacquiao before his loss to Floyd Mayweather is back on the market after the fighter pulled out at the eleventh hour.
Pacquiao was in contract to buy the house, at 12055 Summit Circle, last year, when it was priced at $12.5 million, but that deal fell through. Listing broker Elsa Nelson relisted the property last week for the reduced price of $10.75 million. The new price does not include the contents of the house, which had been included in Pacquiao’s deal.
“Unfortunately, it did fall through after all the publicity and all the parties we had for him at the house,” Nelson said. “Two months into escrow, we received a call from his agent that he had decided he didn’t want to buy it. Maybe after losing the fight, he changed his mind. I’m just guessing.”
Pacquiao lost to Mayweather by unanimous decision last May. The Filipino pugilist made at least $120 million from the bout, which was billed “The Fight of the Century” but turned out to be a dull affair.
The 10,000-square-foot Mediterranean-style property, which once belonged to Sean “Diddy” Combs, has seven bedrooms and eight bathrooms and sits inside a guarded, gated community. It has a two-story foyer, a sweeping staircase with a dramatic chandelier, a formal living and dining room, a sports bar and a 20-seat home theater with a high-definition projection system.
Sellers Gail and Roger Dauer lost out on a deal to buy a new home in the area after Pacquiao backed out of buying their property, Nelson said. But they did reportedly get tickets to the big fight, hosted in Las Vegas, after Pacquiao brought his family around to look at the house, according to CBS.