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34457134
34457121

1927 Hoover Street, North Las Vegas, NV 89030 For Sale

DH
NV S.0189703, CA 01962800
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas
$400,000
2 days on market
Updated 2 days ago
Opportunity zone

1927 Hoover St

Details
APN 139-23-311-091
Property Type Multifamily
Square Footage 1,040
Net Rentable (SqFt) 1,040
Units 2
Cap Rate 7.95%
NOI $31,800
Pro-Forma Cap Rate 8.22%
Pro-Forma NOI $32,880
Price per SqFt $385
Year Built 1936
Buildings 2
Stories 1
Acreage 0.180
Zoning Redevelopment Area Medium Density Residential Subdistrict (R-A R-2)
Ownership Fee Simple

Private Living Near Downtown North Las Vegas

Marketing description

The Holden Group of Marcus & Millichap, as the exclusive listing broker, is pleased to present, 1927 Hoover Street, a unique residential investment consisting of two separate single-family residences situated on a single parcel in Downtown North Las Vegas. The property features contemporary interiors, functional floor plans, and private residences that appeal to today's renters while offering an efficient ownership profile. Located just minutes from Downtown Las Vegas and near the planned NLV Gateway redevelopment, residents benefit from convenient access to expanding employment, retail, dining, and entertainment destinations within one of Southern Nevada's evolving urban corridors. Combining a distinctive property configuration, modern living spaces, and a strategic location, 1927 Hoover Street represents a compelling investment opportunity positioned to benefit from continued neighborhood revitalization.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*

Investment highlights

  • Dual Residences: The property consists of two separate single-family residences situated on a single parcel, creating a distinctive investment opportunity.

  • Modern Interiors: Contemporary finishes create a clean and inviting living environment designed for today's renters.

  • Growth Corridor: Located near the planned NLV Gateway redevelopment, the property is positioned within an evolving North Las Vegas corridor.

Listing Contacts

DH
NV S.0189703, CA 01962800
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$31,800.00
$2,650.00/mo

Valuation Metrics

0
DSCR
7.95%
Cap Rate
7.95%
ROI

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Property History

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Additional Information

Name
Drew Holden
License
S.0189703
Brokerage
Marcus & Millichap
Brokerage Phone
7022157118
Title
Managing Director Investments
Brokerage Address
9205 West Russell Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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