The condos on the Las Vegas South Strip, such as Manhattan, Park Avenue, Loft 5, and Boca Raton, offer investors a good opportunity for rental properties with low vacancy rates and maximum cash flow. The HOA dues for Manhattan and Park Avenue on a 2 bedroom condo are about $250 per month, and for Boca - being a concrete and steel building, higher. Loft 5 HOA dues are about $300 per month, and the property taxes are lower than high rise luxury condos closer to the strip. Purchases at all of these south strip condos must be ALL CASH ONLY.
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The SOUTH STRIP is the area that is about 3 miles south of Mandalay Bay and it is home to the great outdoor Turnberry Town Square Mall, as well as South Pointe Casino and the new & hip M Resort ( one of my fav's).
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