530 S 11th Street, Las Vegas, NV 89101

$895,000
2,064
SqFt
List Price
$895,000
Status
ACTIVE
MLS#
2397005
Living Area
2,064
Lot Size
7,841

Property Description

An amazing opportunity to own a fantastic tri-plex in the heart of Downtown Las Vegas on the corner of 11th Street between Bonneville and Clark. This building is located within attorney’s row, the historic district, and minutes to the Arts District. This is a fully renovated property from the ground up with 2 Bedroom + 1 Bathroom upscale Class A units that are designed like mini houses. Each unit is 750 sq ft. Each unit has its own washer dryer in unit, private front and backyard and designated 2 car space in the gated / covered garage. This property has monthly income of $4,500 per month and is fully occupied. Each tenant pays $1,500, $1,500, $1,500. There is a waiting list for this property with potential tenants wanting to pay $2,400. Yearly expenses to operate the property are under $5,500 per year which includes Water, Power, Trash, Sewer, Wi-Fi, Property Taxes and Management Fee. Existing net cap rate is 5.4%. Once tenant’s leases expire rents will be raised to market price.

Additional Information

Interior Features
Ceiling Fan(s)
Construction
Stucco
Flooring
Ceramic Tile
Property Condition
GoodCondition, Resale
Living Area
2,064
Exterior Features
Private Yard
Building Description
Triplex
Heating
Central, Electric
Cooling
Other
Acres
0.18
Appliances
Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood, Washer
Subdivision
Pioneer Heights Add
Lot Size
7,841
Building Description
Triplex
Year Built
1950
Sewer
Public Sewer
Community Features
Storage, Cable TV
Taxes
$875

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Carl Wuestehube with MLSHomelisters.com.

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