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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34508536
34508534

4385 E Welter Avenue, Las Vegas, NV 89104 For Sale

KK
NV BS.146465
$534,998
2 days on market
Updated 2 days ago

Welter Avenue Pad Split Investment

Details
APN 161-05-410-254
Property Type Multifamily, Special Purpose (+1)
Sub Type Single Family Rental Portfolio
Square Footage 2,588
Units 7
Cap Rate 7.55%
NOI $40,393
Occupancy 85%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 7.55%
Pro-Forma NOI $40,393
Price per SqFt $207
Year Built 2001
Buildings 1
Lot Size (SqFt) 10,019
Zoning R-1
Ground Lease No
Sale Condition N/A

Pad Split Room Rental Investment House

Investment highlights

urnkey 7-bed, 4-bath investment property in Vegas Manor, No HOA. Built in 2001 on a huge 10,019 sq ft lot.

Currently operating as a PadSplit rental property with each bedroom leased separately, generating strong cash

flow from day one. Gross Rent can exceed $5,300/month! Solar panels keep utility costs down, and all furniture

and appliances convey, so you can step in and start collecting rent right away. Spacious open floor plan, updated

kitchen with center island and large pantry, big great room, and mature landscaping on an oversized lot with room

to add value. Central Las Vegas location close to shopping, dining, and freeway access. Ideal for an investor

seeking immediate income. This combination of size, lot, and existing rental setup is rare

Can also be bought with 4225 Timpani Drive, Las Vegas 89110 another Pad Split property listed for sale by the same owner.

Listing Contacts

KK
NV BS.146465

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$40,393.00
$3,366.08/mo

Valuation Metrics

0
DSCR
7.55%
Cap Rate
7.55%
ROI

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Additional Information

Name
Kami Ketcham
License
BS.146465
Brokerage
Rockford Realty LLC
Brokerage Phone
714-399-5656
Title
Associate Broker
Brokerage Address
9890 South Maryland Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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