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29019481
29019487

Vegas Valley Dr, Las Vegas, NV 89109

CH
NV 0070366
Simply Vegas
JH
NV S.194939
Simply Vegas
Listed by Simply Vegas
$144,000
164 days on market
Updated 56 days ago

1405 Vegas Valley Drive #103

Details
APN 162-11-310-055
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Student Housing
Square Footage 1,237
Net Rentable (SqFt) 1,237
Units 1
Beds 2
Cap Rate 6.00%
Pro-Forma Cap Rate 6.03%
Pro-Forma NOI $8,681
Price per SqFt $116
Class C
Year Built 1971
Year Renovated 2020
Stories 1
Lot Size (SqFt) 8,984
Zoning Residential Multi-Family 32 (RM32)

Value-Add 2BR/2BA Condo | 6% Pro Forma Cap | Central Las Vegas

Marketing description

Owner will carry terms available! The Hyde Real Estate Group is pleased to present Unit 103 at Casa Vega Condominiums, located at 1405 Vegas Valley Drive, offers a compelling value-add opportunity in a high-demand central Las Vegas rental market. This spacious two-bedroom, two-bath residence features an efficient, highly rentable layout well suited for cosmetic repositioning. The HOA covers all major utilities, providing predictable operating expenses, while the tenant is responsible for power. Interior highlights include a large living room with a separate dining area, durable tile flooring throughout, ample kitchen cabinetry, a primary bedroom with private bath, and an enclosed oversized patio with additional storage—features that support strong tenant appeal. The unit is positioned behind the HOA office and adjacent to one of the community’s three pools, with abundant open parking and assigned covered parking. Casa Vega is located next to Las Vegas Country Club, minutes from Sunrise Hospital and Medical Center, and approximately four miles from Harry Reid International Airport. The central valley location offers consistent rental demand driven by proximity to employment, healthcare, and major transportation corridors. Pro forma cap rate is 6.03%, making Unit 103 an attractive opportunity for investors focused on yield, upside, and long-term demand.

Investment highlights

  • Owner will carry terms available
  • Value-add two-bedroom, two-bath condominium with upside through cosmetic renovation
  • Located in central Las Vegas with consistently strong rental demand
  • HOA covers major utilities, supporting predictable operating expenses
  • 6% pro forma cap rate
  • Efficient, highly rentable floor plan with strong tenant appeal
  • Enclosed oversized patio with dedicated storage room
  • Unit positioned adjacent to one of three community pools
  • Community located next to Las Vegas Country Club, minutes from Sunrise Hospital and Medical Center
  • Approximately four miles from Harry Reid International Airport

Listing Contacts

CH
NV 0070366
Simply Vegas
JH
NV S.194939
Simply Vegas
Listed by Simply Vegas

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Additional Information

Name
Catherine Hyde
License
0070366
Name
Jillian Hyde
License
S.194939
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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