Situated in the heart of Downtown Las Vegas at the intersection of 13th Street and Bonanza, Valor Point Apartments is a ground-up, 48-unit multifamily development designed to serve the city’s growing demand for quality workforce housing with a dedicated focus on military veterans. Located within a federally designated Opportunity Zone, the project combines strong real estate fundamentals with significant tax advantages. The community will feature a mix of 24 studios ($1,150), 12 one-bedroom units ($1,362), and 12 two-bedroom units ($1,605), generating approximately $758,160 in gross annual rental income. With efficient operations projected at 23% of gross income, the property is designed to deliver stable cash flow supported by HUD-backed rental subsidies, enhancing tenant reliability and reducing vacancy risk.

With a total development cost of approximately $8.7 million and a projected stabilized value of $11.97 million at a 5% cap rate, Valor Point offers immediate value creation upon stabilization. The project is further differentiated by its veteran-centered design, including a central memorial courtyard and in-unit laundry across all residences—features that support long-term tenant retention and community identity. For investors, a $2.5 million equity contribution held over a 10-year period within the Opportunity Zone structure may benefit from deferred capital gains taxes, step-up in basis, and the potential elimination of taxes on new appreciation. When combined with accelerated depreciation strategies—potentially allocated across multiple investor entities—this structure can significantly enhance after-tax returns, targeting market-rate IRR and cash-on-cash performance while delivering meaningful social impact.