Price:
$827,500
Baths:
0
Living Area SqFt:
3,976
Status:
Active
Property Type:
Multifamily
Lot Size Acres:
0.02
Lot Size SqFt:
1,001
Year Built:
1998
Neighborhood:
Rock Spgs Vista Unit #11
Days on Website:
175
Courtesy of Simply Vegas, Catherine Hyde.
Property Description
2201 James Bilbray is a Class A fourplex investment in northwest Las Vegas near Summerlin. Built in 1998, it offers four 2-bed/2-bath units (960 SF each) with in-unit laundry, living rooms, and dining areas. The property is fully occupied, with tenant-paid power/gas and HOA-covered water, trash, and sewer. The community features palm-lined streets, stucco homes, and a community pool with water features. Ideally located minutes from Whole Foods, Boca Park, and Mountain View Hospital, it combines tenant convenience with strong rental demand. With a 5.74% proforma cap rate, this turnkey asset provides stability and upside in one of Las Vegas’s most sought-after submarkets.
Open House
Property Details and Features
-
Building
- Construction Materials: Stucco,WoodFrame
- Number Of Buildings: 1
-
Exterior Features
- Patio And Porch Features: Patio
-
Interior Features
- Interior Features: Storage
-
Listing
- Listing Terms: Cash,Conventional,FHA,VaLoan
- Number Of Units Total: 4
- Public Survey Range: 60
- Public Survey Section: 23
- Public Survey Township: 20
-
Location
- City: Las Vegas
- County Or Parish: Clark
- Distance To Sewer Comments: Public
- Distance To Water Comments: Public
-
Lot
- Additional Parcels Description: —
- Parcel Number: 138-23-124-071
-
Property
- Property Condition: Excellent,Resale
- Property Sub Type: MultiFamily
-
Taxes
- Tax Annual Amount: $3,038
-
Tenant Pays
- Tenant Pays: Electricity
Property Map
$827,500 – 2201 James Bilbray Drive, Las Vegas, NV 89108