SoldAug 11, 2025

Listed and Bought with Catherine Hyde from BHHS Nevada Properties

Source: Greater Las Vegas Association of REALTORS®, Inc. #2692240

1920 Lirio Way, Las Vegas, NV, 89108

$795,000

3892 sq. ft.
6970 sq. ft.

MultiFam

•

23 days on the market

Sold: Aug 11, 2025

What's around 1920 Lirio Way

About this property

Fully occupied and professionally managed, this turnkey fourplex in Northwest Las Vegas offers four spacious 2-bed, 2-bath units, each with in-unit laundry, fireplaces, and private storage. The property currently generates $6,005 in monthly rental income, with upside potential to $6,600/month through market rent adjustments, increasing the CAP rate from 6.92% to 7.32%. Built in 1984 and requiring minimal updates, this is a low-maintenance, high-demand asset positioned for value optimization. Located near Summerlin, tenants benefit from convenient access to shopping, dining, entertainment, and major transit routes. With strong cash flow and long-term appreciation potential, this is a rare opportunity in one of Las Vegas’s most stable rental corridors.

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