Courtesy of Simply Vegas, Catherine Hyde.
Property Description
Welcome to 2252 Ellis! This well-maintained single-story fourplex features four spacious 2-bedroom, 1-bath units with excellent curb appeal, a fenced yard, and on-site parking. Offering an actual cap rate of 6.21% and a pro forma of 8.57%, it delivers a balance of immediate cash flow and long-term growth potential. Recent capital improvements include a new roof (2020, $27,000), 100-gallon water heater (2023, $5,200), gas line replacement (2024, $6,000), and an owned coin-operated washer/dryer (2025). Each unit features remodeled kitchens, upgraded plumbing, and regularly serviced A/C units. Residents enjoy private exterior storage, a large shared storage building, and a community laundry room. Double-pane windows enhance energy efficiency, and all tenants are current on rent. This property offers both stable returns and value-add potential in a growing, secure North Las Vegas neighborhood walking distance to the North Las Vegas Fire Department and Police Station.
Open House
Property Details and Features
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Building
- Construction Materials: Stucco,WoodFrame
- Number Of Buildings: 1
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Interior Features
- Interior Features: Storage
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Listing
- Listing Terms: Cash,Conventional,FHA,VaLoan
- Number Of Units Total: 4
- Public Survey Range: 61
- Public Survey Section: 24
- 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: 139-24-110-260
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Property
- Property Condition: Resale,VeryGoodCondition
- Property Sub Type: MultiFamily
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Taxes
- Tax Annual Amount: $1,167