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512 S 11th St

Las Vegas NV 89101

0.16 ac.
Other
Currently for sale - view listing

Overview

An amazing opportunity to own a fantastic tri-plex in the heart of Downtown Las Vegas on the corner of 11th Street between Bonneville and Clark. This building is located within attorney???s row, the historic district, and minutes to the Arts District. This is a fully renovated property from the ground up with 2 Bedroom + 1 Bathroom upscale Class A units that are designed like mini houses. Each unit is 750 sq ft. Each unit has its own washer dryer in unit, private front and backyard and designated 2 car space in the gated / covered garage. This property has monthly income of $4,500 per month and is fully occupied. Each tenant pays $1,500, $1,500, $1,500. There is a waiting list for this property with potential tenants wanting to pay $2,400. Yearly expenses to operate the property are under $5,500 per year which includes Water, Power, Trash, Sewer, Wi-Fi, Property Taxes and Management Fee. Existing net cap rate is 5.4%. Once tenant???s leases expire rents will be raised to market price.

Features

0.16 ac. lot size
Other

Property history for 512 S 11th St

2017
Sold
$115,000
05 May 2017 by Ronald Klug, of Attorney Realty Alliance

Happy sellers in Las Vegas

100%
100% of sellers in Las Vegas reported that their sale price either exceeded or met their price expectations.

Las Vegas stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Las Vegas over the last 12 months.

Local market activity for other properties in Las Vegas

In the last 12 months, 48 other properties similar to 512 S 11th St, have been sold.

This represents a 32% increase in other properties sales when compared to the previous 12 months.

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