LOT SIZE 1.640 acres
MLS#2748790
STATUSActive
PROPERTY TYPELand - Residential
Property Description
Offered for sale is a stabilized rental investment in Indian Springs, NV, located directly across from Creech Air Force Base, providing consistent tenant demand supported by military employment. The property consists of seven (7) fully occupied modular homes generating $122,400 in annual Net Operating Income and is offered at a 10% cap rate with 100% occupancy. The unit mix includes four newer 3-bedroom/2-bath homes, two remodeled 2-bedroom/2-bath homes, and one 2-bedroom/1-bath Musk-style small home. All units are owned and convey with the sale, providing immediate cash flow. The modular homes are not converted to real property, resulting in very low property taxes of approximately $500 per home annually. Conversion is optional at an estimated $10,000 per unit. Situated on approximately 1.64 acres, the property is zoned for up to 22 units, with two newly installed pads allowing for near-term expansion. Turn-key, high-yield investment with strong in-place income and upside potential.
Property Features
Property Type: Land - Residential
Lot Size: 1.64 Acres
Taxes: $886
Feature Descriptions
Days on Site: 47
Parcel#: 059-08-701-007
Sewer: Public Sewer
Water: Public
Local Schools
Elementary School: ,
Listed By / Shown By
Listed By
Agency Name: LPT Realty, LLC
Agency Phone: 702-545-0020
Agent Name: Cody Trevor Corio
Shown By
Agency Title: Wardley Real Estate
Agency Phone: 702-256-4900
Estimate Your Payment
Estimated Payment
$ 5,212.57 per month $4,774.15 Principal & Interest $73.83 Property Tax $364.58 Homeowner's Insurance
596 W Fisher Lane | MLS# 2748790
This land located at 596 W Fisher Lane , Indian Springs, NV 89018 is currently listed for sale with an asking price of $1,250,000. The property has approximately 1.64 Acres. Search Indian Springs real estate on www.wardleyre.com today.