It's not often that a Las Vegas high rise property with options for investment income through a rental pool becomes available. However, a current listing at Palms Place on Flamingo Road has all the advantages of a prime condo suited for personal use, as well as, the appeal of a fine hotel suite.
Palms Place at Palms Casino Resort is a "Condotel" that offers all-suite accommodations in a non-gaming atmosphere with luxury amenities, combined with easy sky-tube access to its sister casino resort. An owner or rental guest will enjoy a private pool and spa, poolside dining and convenient bars with a home-like aura.
The exclusive residential ambiance includes full access to high-speed internet, unlimited local and toll-free calls within the United States, access to the Palms cardio and fitness centers, shuttle service to and from the Forum Shops on Las Vegas Blvd., and a full-service concierge for personal and business needs.
This particular listing, offered at $725,000, is a rare two-unit combo, including both a studio and adjacent one-bedroom unit on the 33rd floor of the dramatic 52-story glass-walled tower. It could be a dramatic single residence, boasting two bedrooms and three baths with a total of 1,835 square feet.
The units are fully-furnished and tastefully decorated, with stunning views of both the Strip and brand new Raider Stadium.
It is the buyer's option to rent each unit separately or together, however, making this property an excellent investment. Participate in the hotel rental pool or list units through Airbnb with Strip View Suites Property Management, a company that specializes in Las Vegas investment rentals. Average monthly return for this dual-use property during 2019 has been 7%, with an annual occupancy rate of 92-98%.
For additional information, or to schedule a visit, please contact The Ivan Sher Group, the leading luxury real estate broker in Las Vegas.