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530 South 11th Street, Las Vegas, NV 89101

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STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPioneer Heights Add

Property Description

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.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Other Cooling System
Fuel Type: Electric
Heating: Central
Home Style: Triplex
Year Built: 1950

Feature Descriptions

Days on Site: 199
Exterior: Stucco
Flooring: Ceramic
Project Amenities: Cable Tv, Complex Perimeter Wall, Landscape Sprinklers, Laundry Area, Storage
Property Amenities: Ceiling Fan, Enclosed Yard(S), Laundry Room
Sewer: Public
Units: 3
Water: Public

Listed By / Shown By

Listed By

Agency Name:
Agency Contact: 800-621-4258
Agent Name: Carl Wuestehube

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Estimate Your Payment

Estimated Payment

$ 3,679.34 per month $3,418.29 Principal & Interest $0.00 Property Tax (data not provided by mls) $261.04 Homeowner's Insurance

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(Payments are an estimate and may vary by lender)