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Tango Apartments Acquired for $17M

Private Investor Buys 136-Unit Complex; Renames Property Flamingo Chateau Apartments
By Jordan Sisson
September 6, 2006 | 2:59 P.M.

Flamingo Chateau LLC acquired the Tango Apartments at 6570 W. Flamingo Road in Las Vegas. The recorded sale price on the deed is $17.31 million, however the cash to the seller was $17.06 million, or approximately $125,500 per unit. Tango Condominiums Las Vegas LLC sold the property at a 5.7% cap rate.

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