Courtesy of Grand Prix Realty, Federico R. Calderon-Mendoza.
Property Description
Investor Opportunity: This prime 4-plex offers a solid 11.55% Cap Rate with an Annual Net Operating Income (NOI) of $69,302.66, ensuring strong cash flow right from the start. With a Gross Operating Income of $75,400 and low yearly expenses, this property delivers excellent returns. Located in a stable rental market, it’s fully leased, minimizing vacancies and maximizing rental income. Perfect for investors seeking high ROI, this property provides both immediate cash flow and long-term appreciation potential. Property maintenance and operational expenses are low, boosting overall profitability. Add this gem to your portfolio to leverage favorable market conditions and benefit from the steady rental demand. Secure your financial future with a turnkey investment that outperforms typical Cap Rates in today’s market. Ideal for seasoned investors or those looking to start with a high-yield asset. Don’t miss out on this rare, high-performing investment! 4,000 Sq Ft Total
Open House
Property Details and Features
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Building
- Construction Materials: Stucco
- Number Of Buildings: 2
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Expenses
- Insurance Expense: $1,050
- Maintenance Expense: $2,440
- Operating Expense: $6,097
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Interior Features
- Interior Features: CeilingFans,WindowTreatments
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Listing
- Listing Terms: Cash,Conventional,Exchange1031
- Number Of Units Total: 4
- Public Survey Range: 53
- Public Survey Section: 22
- Public Survey Township: 20
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Location
- City: Pahrump
- County Or Parish: Nye
- Distance To Sewer Comments: Public
- Distance To Water Comments: Public
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Lot
- Additional Parcels Description: —
- Parcel Number: 39-621-04
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Energy Saving
- Green Energy Efficient: Hvac
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Parking
- Parking Features: Paved
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Property
- Property Condition: Excellent,Resale
- Property Sub Type: MultiFamily
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Taxes
- Tax Annual Amount: $5,047
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Utilities
- Electric: PhotovoltaicsNone
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Windows
- Window Features: Blinds