For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,172 sqft
Price per Sqft $148
Subdivision Sierra Sunrise
MLS Listing ID 2416008
Sold Date 09/23/22
Style Fourplex
Construction Status RESALE
HOA Y/N No
Originating Board GLVAR
Year Built 1983
Annual Tax Amount $1,402
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Tremendous opportunity to own a VERY well maintained 4 plex! Building consists of (4) LARGE 2 bed/ 2/bath units. Onsite Laundry room. No HOA! Great quiet neighborhood right near the mountains. The property has Great Strip Views..Current rents have the return at a 7% CAP Rate...But there is great upside and value add as most recent lease signed for $1,200. and the Owner plans to raise other rents to $1,300 a unit as leases expire this year. Those planned rental increases can take this to an 8%+ CAP Rate. That's the best proforma on the market today..Great tenants, all pay on time and all units are separately metered for electric and gas.
Location
State NV
County Clark County
Body of Water Public
Interior
Heating Central, Gas
Cooling Central Air
Flooring Carpet, Ceramic Tile
Furnishings Unfurnished
Appliance Oven, Range, Refrigerator
Laundry Washer Hookup, Dryer Hookup
Exterior
Pool None
Amenities Available None
Roof Type Pitched
Porch Balcony
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Wood Siding
Construction Status RESALE
Schools
Elementary Schools ,
Others
Tax ID 140-23-111-045
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2024 of the Las Vegas REALTORS®. All rights reserved.
Bought with Frances Carr-Dunn • Luxury Homes of Las Vegas
GET MORE INFORMATION
Alex Mejia
Broker Associate | License ID: BS.143322
Broker Associate License ID: BS.143322