1405 Vegas Valley Drive #103
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
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