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5238 Paradise Road

Paradise NV 89119

3648 sq. ft.
4792 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

This centrally located four-plex offers an excellent investment opportunity in the heart of Las Vegas, just minutes from UNLV, the Strip, shopping, dining, and schools. The property features four fully rented units in good condition with long-term tenants: Unit A: 2-bed, 1-bath, rent $1,100. Unit B: 1-bed, 1-bath, rent $945. Unit C: 3-bed, 1-bath, rent $1,245. Unit D: 2-bed, 1-bath, rent $1,095 After March 2025, leases will convert to Month-to-Month, offering the potential for rent increases. The complex also includes a community pool, and the HOA covers water and trash. This property offers stable income with strong tenant history and is a great opportunity for long-term growth in a prime Las Vegas location. After March 2025, all leases will convert to Month-to-Month agreements, providing flexibility for potential rent increases and future leasing opportunities.

Features

3648 sq. ft. floor area
4792 sq. ft. lot size
Multi-Family

Happy sellers in Paradise

<50%
Less than 50% of sellers in Paradise reported that their sale price either exceeded or met their price expectations.

Paradise stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Paradise over the last 12 months.

Local market activity for multi families in Paradise

In the last 12 months, 11 multi families similar to 5238 Paradise Road, have been sold.

This represents a 37% decrease in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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