Listed by Simply Vegas
$640,000
917 Snug Harbor St
Details
APN 140-30-610-024
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,896
Units 4
Cap Rate 6.01%
NOI $38,490
Occupancy 100%
Pro-Forma Cap Rate 7.96%
Pro-Forma NOI $50,924
Price per SqFt $221
Class C
Year Built 1983
Buildings 1
Stories 2
Lot Size (SqFt) 5,663
Zoning 32.140 - MF RES 3 TO 4 UNITS. FOURPLEX
Parking Spaces 4 spaces
Parking Per SqFt 1.38
Investment Type Stabilized
4 Units | Strong In-Place Cash Flow + Upside Potential | Las Vegas Fourplex Portfolio Opportunity
Marketing description
917 Snug Harbor St is a stabilized fourplex built in 1983, comprised of 2-bedroom, 1-bath units. The property is occupied by reliable long-term tenants, offering investors immediate cash flow. With spacious layouts and desirable features such as cozy living room fireplaces, this asset supports long-term occupancy and rental upside.
Investment highlights
All units are 2-bedroom, 1-bath
Built in 1983, well-maintained asset
Cash-flowing investment with upside via lease renewals
Spacious interiors with unit upgrades including fireplaces
Located in East Las Vegas’ established rental corridor
Convenient access to retail, schools, and major roads
High-performing submarket with strong tenant demand
Supports rent growth and long-term tenancy stability
Listing Contacts
Listed by Simply Vegas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,490.00
$3,207.50/mo
Valuation Metrics
0
DSCR
6.01%
Cap Rate
6.01%
ROI
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