Hundreds of Rental Units at Juhl Going Condo at the End of April
New reports have surfaced that claim the investor group that owns the majority of rental units over at Juhl will begin selling them as condos sooner rather than later. According to the release, investment groups KRE Capital, Dune Real Estate Partners, and Northcap will begin selling units as early as late April, helping beef up the area’s low supply of condos just in time for the busy spring market.
As noted by the Las Vegas Review-Journal, the aforementioned investment group controls 306 of the building’s 341 units, which were all acquired as part of a bulk unit purchase that included condos in five separate properties around Las Vegas.
Once listed, condos for sale at Juhl will vary in size from 600 to nearly 2,000 square feet, and prices will start in the high $100,000s.
Juhl is located at 353 E. Bonneville Avenue between Third and Fourth streets, and along with all its residential space, also features ground level commercial space as well, with current tenants including the Classic Jewel bar and lounge, the Le Pho Vietnamese restaurant, and the Greens & Proteins health-food cafe.