Courtesy of Simply Vegas, Catherine Hyde.
Property Description
Exceptional Class B Fourplex in North Las Vegas! Built in 2003, this well-maintained 3,869 SF property sits on a 0.15-acre lot and offers private and street parking, enhancing tenant convenience. The unit mix includes one 3-bed/2-bath, two 2-bed/2-bath, and one 2-bed/1-bath unit—each featuring in-unit washer/dryer and durable ceramic tile flooring throughout. Actual 5% CAP with no HOA and long-term tenants in place, this fourplex provides both stability and operational flexibility. Recent capital improvements totaling over $27,000 include HVAC upgrades, bathroom remodels, new appliances, roof resealing, and balcony/stucco repairs. Located in a growing submarket with strong rental demand, this asset offers a projected pro forma CAP rate of 8.44% and is an ideal opportunity for investors seeking turnkey cash flow and long-term appreciation.
Open House
Property Details and Features
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Building
- Construction Materials: WoodFrame
- Number Of Buildings: 1
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Exterior Features
- Patio And Porch Features: Patio
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Interior Features
- Interior Features: WindowTreatments
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Listing
- Listing Terms: Cash,Conventional,FHA,VaLoan
- Number Of Units Total: 4
- Public Survey Range: 61
- Public Survey Section: 11
- Public Survey Township: 20
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Location
- City: North Las Vegas
- County Or Parish: Clark
- Distance To Sewer Comments: Public
- Distance To Water Comments: Public
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Lot
- Additional Parcels Description: —
- Parcel Number: 139-11-806-002
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Property
- Property Condition: Resale,VeryGoodCondition
- Property Sub Type: MultiFamily
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Taxes
- Tax Annual Amount: $1,858
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Windows
- Window Features: Blinds