Listed by Simply Vegas
$640,000
4244 Middlesex Ave
Details
APN 140-30-610-020
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,896
Units 4
Cap Rate 6.85%
NOI $43,863
Occupancy 75%
Pro-Forma Cap Rate 7.95%
Pro-Forma NOI $50,853
Price per SqFt $221
Class C
Year Built 1983
Buildings 1
Stories 2
Lot Size (SqFt) 8,276
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
4244 Middlesex Ave is a stabilized fourplex built in 1983, offering 2-bedroom, 1-bath units that appeal to working families and long-term renters. The property is occupied with long-term tenants, providing dependable income. With spacious interiors and value-add potential through lease renewals, this asset delivers both stability and upside.
Investment highlights
All 2-bedroom, 1-bath unit mix
Built in 1983, consistently maintained
Opportunity to increase rents through strategic renewals
Well-sized layouts positioned for retention and steady occupancy
Located in East Las Vegas, a strong rental corridor
Walking distance to neighborhood amenities and transit
Easy connections to Nellis Blvd and Boulder Hwy
Low vacancy and high tenant demand for two-bedroom units
Listing Contacts
Listed by Simply Vegas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,863.00
$3,655.25/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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