$795,000
$799,999
0.6%For more information regarding the value of a property, please contact us for a free consultation.
3,892 SqFt
SOLD DATE : 08/11/2025
Key Details
Sold Price $795,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,892 sqft
Price per Sqft $204
Subdivision Sierra Oeste
MLS Listing ID 2692240
Sold Date 08/11/25
Style Fourplex
Construction Status Resale,Very Good Condition
HOA Y/N No
Year Built 1984
Annual Tax Amount $2,797
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Multi Family
Property Description
Fully occupied and professionally managed, this turnkey fourplex in Northwest Las Vegas offers four spacious 2-bed, 2-bath units, each with in-unit laundry, fireplaces, and private storage. The property currently generates $6,005 in monthly rental income, with upside potential to $6,600/month through market rent adjustments, increasing the CAP rate from 6.92% to 7.32%. Built in 1984 and requiring minimal updates, this is a low-maintenance, high-demand asset positioned for value optimization. Located near Summerlin, tenants benefit from convenient access to shopping, dining, entertainment, and major transit routes. With strong cash flow and long-term appreciation potential, this is a rare opportunity in one of Las Vegas's most stable rental corridors.
Location
State NV
County Clark
Direction LAKE MEAD & RAINBOW, Take US-95 N to W Lake Mead Blvd in Las Vegas. Follow W Lake Mead Blvd to Lirio Way.
Interior
Interior Features Storage
Heating Central, Gas
Cooling Central Air
Flooring Tile
Furnishings Unfurnished
Fireplace No
Appliance Oven, Range, Refrigerator
Laundry Laundry Room
Exterior
Amenities Available None
Water Access Desc Public
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Construction Status Resale,Very Good Condition
Schools
Elementary Schools ,
Others
Tax ID 138-23-710-005
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 2025 of the Las Vegas REALTORS®. All rights reserved.
Bought with Catherine Hyde Simply Vegas