1215 Rawhide Street, Las Vegas, NV 89119

$895,000
4,000
SqFt

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List Price
$895,000
Status
ACTIVE
MLS#
2818185
Living Area
4,000
Lot Size
9,583
Annual Taxes
$2,867

Property Description

Excеllent Inveѕtmеnt Oррοrtunitу! Fullу furnished, turnkey 4-plеx wіth 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.

Additional Information

Subdivision
Airport
Zip
89119
Price Per SqFt
$223
Elementary School 3-5
Living Area
4,000
Flooring
Carpet, Luxury Vinyl Plank, Wood
Lot Size
9,583
Acres
0.22
Property Condition
Resale, Very Good Condition
Interior Features
Storage, Window Treatments
Exterior Features
Private Yard
Heating
Central, Electric
Cooling
Central Air
Exterior Description
Stucco, Wood Frame
Year Built
1984
Bldg Desc
Fourplex
Parking
Assigned
Parking Spaces
6
Heating
Central, Electric
Cooling
Central Air
Appliances
Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
Sewer
Public Sewer
Community Features
Laundry
Annual Taxes
$2,867

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Calculator source: Real Geeks

Courtesy of Chao Cong with Executive Realty Services.

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