Courtesy of International Realty LV, Lawrence J. Strychalski.
Property Description
This building was operated as a short-term rental (Airbnb) for many years. While it did not have a license, there were no issues with the city during that time. Located just one block from Las Vegas Blvd, it’s an ideal location for tourists and individuals working on the Strip. Now that the owner has decided to sell, the units are being rented on a month-to-month basis to preserve flexibility for the next buyer—should they wish to convert it back to a short-term rental, which was previously very profitable (generating over $100 per night per unit). Currently, one tenant continues to book through Airbnb and has been residing on the property for over six months any paying $1,995 a month.
Open House
Property Details and Features
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Building
- Construction Materials: WoodFrame
- Number Of Buildings: 1
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Expenses
- Insurance Expense: $1,600
- Maintenance Expense: $300
- Operating Expense: $8,919
- Professional Management Expense: $0
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Exterior Features
- Patio And Porch Features: Balcony
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Income
- Gross Income: $1
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Interior Features
- Interior Features: CeilingFans,WindowTreatments
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Listing
- Listing Terms: Cash,Conventional,VaLoan
- Number Of Units Total: 4
- Public Survey Range: 61
- Public Survey Section: 3
- Public Survey Township: 21
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Location
- City: 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: 162-03-313-002
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Property
- Property Condition: GoodCondition,Resale
- Property Sub Type: MultiFamily
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Taxes
- Tax Annual Amount: $1,748
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Utilities
- Expense: $4,800
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Windows
- Window Features: Blinds,Drapes