Three of four units occupied and generating $3,850/month in rental income! This updated fourplex offers investors immediate cash flow with additional upside through lease-up of the remaining available unit. Major capital improvements have already been completed, including brand-new building-wide plumbing (2024), updated water heaters, renovated bathrooms in all four units, updated windows, and luxury vinyl plank flooring in three units-allowing the next owner to focus on growing returns rather than tackling major repairs. The property features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with separately metered electric service to help minimize owner expenses. A spacious courtyard-style layout, ample parking, and a convenient location near Downtown Las Vegas, the Arts District, shopping, dining, public transportation, and major employment centers make this an attractive property for tenants. Whether you're expanding your portfolio or completing a 1031 exchange, this is a rare opportunity to acquire an income-producing asset with major improvements already in place and room for future growth.
| MLS # | 2789715 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 132 |
| Listing Provided By | Realty ONE Group, Inc | Deshawn L. Williams |
| SQ Feet | 2,870 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.15 |
| Cooling | Central Air |
|---|---|
| Heating | Central, Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Window Treatments |
| Window Features | Blinds |
| Furnished | Unfurnished |
| Appliances | Refrigerator, Water Heater |
| Roof | Composition, Flat, Shingle |
|---|---|
| Construction Materials | Stucco |
| Sewer | Public Sewer |
|---|
| List Aor | Greater Las Vegas Association Of Realtors Inc |
|---|
| Property | 1661 |
|---|
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89101 |
| Community Name | Artesian Acres |
| Listing VS Median (in Artesian Acres) | |
Price: $675,000 low | high Med: $625,000 sqft: 2,870 low | high Med: 2,870 $ / sqft: $235 low | high Med: $218 On site: 132 low | high Med: 38 | |
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89101 |
| Community Name | Artesian Acres |
| Listing VS Median (in Artesian Acres) | |
Price: $675,000 low | high Med: $625,000 sqft: 2,870 low | high Med: 2,870 $ / sqft: $235 low | high Med: $218 On site: 132 low | high Med: 38 | |