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29314729
29314730

1812 Lewis Ave, Las Vegas, NV 89101

MH
NV B.0145866.LLC, CA 01824108
Regency Realty Investments LLC
Listed by Regency Realty Investments LLC
$699,999
135 days on market
Updated 14 days ago
Opportunity zone

1812 Lewis Ave | 7.66% CAP | Las Vegas 4-PLEX

Details
APN 139-35-814-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,694
Net Rentable (SqFt) 2,694
Units 4
Cap Rate 7.64%
NOI $53,514
Occupancy 100%
Pro-Forma Cap Rate 9.06%
Pro-Forma NOI $63,408
Price per SqFt $260
Class B
Year Built 1964
Year Renovated 2020
Buildings 1
Stories 1
Lot Size (SqFt) 6,970
Zoning R-4
Investment Type Stabilized
Ownership Fee Simple
Sale Condition 1031 exchange

DOWNTOWN LAS VEGAS 4-PLEX | 7.66% CAP

Marketing description

Discover this exquisitely renovated 4-plex nestled in the vibrant heart of downtown Las Vegas! Boasting a total of +/-2,694 SF, this gem features four remodeled units, including three 1-bed and 1-bath units, and a spacious 2-bed and 1-bath unit, all situated on a generous 6,970 SF lot. Adorned with lush landscaping, private, secure fencing, and a spacious, private BBQ area, this charming 4-plex promises an inviting ambiance. With a stellar 7.66% CAP rate based on current rents, this property offers lucrative, steady cash flow with upside potential. Positioned within walking distance of bustling businesses, trendy shops, and delectable eateries, as well as a short drive to the iconic Freemont Street Experience and the renowned Las Vegas Strip, this exceptional 4-plex presents a stable investment opportunity with upside, and ideal property for an owner looking to reside in one of the beautifully remodeled units. This one will go fast. Email me for more information or to make an offer before it's gone.

*Please do not disturb occupants. Showings available upon submitting an offer.

Investment highlights

  • Downtown Las Vegas - near Freemont Street Experience

  • Walking distance to businesses, shops & restaurants

  • Near freeways & transportation

  • Beautifully remodeled 4-Plex

  • High demand rental area

  • Minutes from The Strip

  • Great Investment Property

  • Excellent to owner occupy one of the stunningly remodeled units

Listing Contacts

MH
NV B.0145866.LLC, CA 01824108
Regency Realty Investments LLC
Listed by Regency Realty Investments LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,514.00
$4,459.50/mo

Valuation Metrics

0
DSCR
7.64%
Cap Rate
7.64%
ROI

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Additional Information

Name
Marcie Hansen
License
B.0145866.LLC
Brokerage
Regency Realty Investments
Brokerage Phone
725.332.8111
Title
Commercial Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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