Excellent Investment Opportunity! Fully furnished, turnkey 4-plex with no HOA! Built in 1984 & fully renovated in 2017, with numerous interior & exterior improvements over time. Newer, double-pane windows. Pitched tile roof. Fully fenced, secure yard with durable block walls. No deferred maintenance! ***
Each 1,000-sqft apartment features a spacious 2-bedroom, 2-bathroom layout. All units were extensively renovated with updated flooring, remodeled bathrooms & modern kitchens with updated cabinets, countertops & appliances. Each unit includes its own dedicated laundry closet with a washer/dryer, plus individual storage space outside the unit. ***
High 6.45% CAP rate with low property taxes & operating expenses! Well-maintained 4-plex with strong rental income & a proven occupancy history. All 4 units are fully furnished, offering flexibility for long-term, mid-term, or short-term rental strategies. One unit is available for owner occupancy or lease-up. The remaining 3 units are occupied by reliable long-term tenants with staggered lease expirations, providing immediate cash flows. ***
Great location! Right by Russell Rd. and Maryland Pkwy, the property sits on a desirable corner lot directly adjacent to Siegfried & Roy Park, with select units offering views of the Las Vegas Strip. Prime location with fast access to the Strip, airport, major freeways, UNLV, shopping, dining, and schools. ***
Positioned in a high-demand rental area with convenient access to major employment, retail, and transportation corridors, the property provides excellent opportunity for traditional investors, STR operators, or owner-occupants seeking a turnkey income-producing asset with stable income, updated units and long-term growth potential. ***
A detailed list of property improvements is available upon request. Buyer & buyer's agent to verify all information, square footage, zoning, short-term rental licensing/compliance, rental income, and financials. DO NOT DISTURB TENANTS.
