For Sale

Listed by Carl Wuestehube from MLSHomelisters.com

Source: Greater Las Vegas Association of REALTORS®, Inc. #2397001

512 S 11th St, Las Vegas, NV, 89101

$895,000

0.16 ac.

Other

30+ days on the market

What's around 512 S 11th St

About this property

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.

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