Las Vegas Homes with Fourplex Bldg Desc

Las Vegas Homes with Fourplex Bldg Desc

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Newest Las Vegas Homes with Fourplex Bldg Desc

$1,310,000
2801616 MLS 4,274 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1153 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $84,205, representing approximately a 6.4% cap rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

1153 Sierra Vista Drive, Las Vegas

$1,310,000
2801639 MLS 4,002 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1165 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $82,723, representing approximately a 6.3% capitalization rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1153 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

1165 Sierra Vista Drive, Las Vegas

$700,000
2801701 MLS 3,692 SqFt.
Presenting an exceptional investment opportunity, this meticulously maintained fourplex offers four spacious two-bedroom, two-bathroom apartments, each approximately 950 square feet. This distinguished property boasts desirable floor plans, significant building improvements, included appliances, private balconies, fireplaces, and elegantly updated interiors. A Neptune Wetsuit waterproof roofing system, installed in November 2019 with an eight-year warranty, covers the entire flat roof. Four Goodman packaged gas HVAC systems, 14-SEER, two-ton units, were also installed on the roof in November 2019, ensuring optimal climate control. Each apartment features a primary bedroom with a walk-in closet and a private en-suite bathroom, along with a second bedroom offering a large closet and convenient access to the second full bathroom. Both bathrooms are appointed with ceramic-tile tub surrounds and durable cast-iron porcelain bathtubs. The spacious floor plans encompass large living rooms with inviting fireplaces, formal dining areas, and kitchens adorned with granite countertops. Abundant closet and storage space is integrated throughout each unit. Sliding glass doors open to private balconies, extending the living space outdoors. A stove, refrigerator, washer, and dryer are provided in each kitchen. Freshly updated paint and flooring contribute to the refined ambiance. Strategically located near Nellis Air Force Base, public transportation, shopping, dining, and essential services, this property offers unparalleled convenience. The nearby Sunrise Plaza Shopping Center provides effortless access to grocery stores, pharmacies, restaurants, fitness centers, personal-care services, and a diverse array of retail options, enhancing the appeal of this prime location.

6938 Issac Avenue, Las Vegas

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The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo.
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