718 W Wilson Ave, West Las Vegas MF Submarket - Multi-Family

Welcome to 718 W Wilson Avenue, a meticulously maintained fourplex in an Opportunity Zone, offering an exceptional investment opportunity in the heart of Las Vegas.​

This garden-style, single-story property has undergone recent updates, including new windows, a water heater, and central air conditioning units, ensuring a comfortable living experience for tenants and long-term value for investors.​

Property Overview

718 W Wilson Ave is located in the Historic Westside, part of the Vision 2045 Downtown Las Vegas Master Plan and designated as an Opportunity Zone.​ The property features a gated courtyard for added privacy, long-term tenants, and low operating expenses, generating $52,152 in annual rent:

• Unit 1: $1,000/mo – Lease through 10/31/24

• Unit 2: $1,476/mo – Lease through 11/30/25

• Unit 3: $995/mo – Lease through 1/31/25

• Unit 4: $875/mo – Lease through 11/30/24

Additional income potential exists through laundry facilities, storage leasing, gated parking, and implementing RUBs.​ Property taxes are just $990.83 per year.​

The asking price is $585,000, reflecting a 7% actual CAP rate, making this an attractive turnkey investment.​

✅ Prime Location: Centrally located near downtown Las Vegas, with quick freeway access, offering convenient commuting and proximity to top amenities and attractions.

✅ Gated & Enclosed: The property has been recently gated and enclosed, providing a secure, private courtyard, enhancing its overall appeal and tenant satisfaction.
✅ Thriving Neighborhood: Just two minutes from Jackson Avenue, a rapidly growing hub with new restaurants, lounges, and public exhibits, offering tenants a vibrant lifestyle.

✅ Strong Income Potential: The property currently generates $52,152 annually, with three leases on a month-to-month basis, allowing for rent increases to $1,212+/month, further boosting revenue potential.

✅ Low Operating Expenses: Maximize ROI with low property expenses. Additional income streams include laundry machines, storage leasing, gated parking, and RUBs to offset utility costs.

✅ Opportunity Zone Advantage: Investors can benefit from potential tax incentives under Opportunity Zone regulations.

✅ Affordable Property Taxes: Only $990.83 per year, keeping costs low and maximizing net returns.