Property Details

Property Description

Excellent Investment Opportunity! Fully furnished, turnkey 4-plex with no HOA! Built in 1984 and fully renovated in 2017, with numerous interior and exterior improvements over time. Newer, double-pane windows. Pitched tile roof. Fully fenced, secure yard with durable block walls. No deferred maintenance! * * * Each 1, 000-sqft apartment features a spacious 2-bedroom, 2-bathroom layout. All units were extensively renovated with updated flooring, remodeled bathrooms and modern kitchens with updated cabinets, countertops and appliances. Each unit includes its own dedicated laundry closet with a washer / dryer, plus individual storage space outside the unit. * * * High 6.45% CAP rate with low property taxes and operating expenses! Well-maintained 4-plex with strong rental income and a proven occupancy history. All 4 units are fully furnished, offering flexibility for long-term, mid-term, or short-term rental strategies. One unit is available for owner occupancy or lease-up. The remaining 3 units are occupied by reliable long-term tenants with staggered lease expirations, providing immediate cash flows. * * * Great location! Right by Russell Rd. and Maryland Pkwy, the property sits on a desirable corner lot directly adjacent to Siegfried and Roy Park, with select units offering views of the Las Vegas Strip. Prime location with fast access to the Strip, airport, major freeways, UNLV, shopping, dining, and schools. * * * Positioned in a high-demand rental area with convenient access to major employment, retail, and transportation corridors, the property provides excellent opportunity for traditional investors, STR operators, or owner-occupants seeking a turnkey income-producing asset with stable income, updated units and long-term growth potential. * * * A detailed list of property improvements is available upon request. Buyer and buyer's agent to verify all information, square footage, zoning, short-term rental licensing / compliance, rental income, and financials. DO NOT DISTURB TENANTS.