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512 South 11th ST Las Vegas, NV 89101

2,064 SqFt

UPDATED:

Key Details

Property Type Other Types

Listing Status Active

Purchase Type For Sale

Square Footage 2,064 sqft

Price per Sqft $433

Subdivision Pioneer Heights Add

MLS Listing ID 2349866

Construction Status RESALE

Total Fin. Sqft 2064

Year Built 1950

Annual Tax Amount $873

Lot Size 6,970 Sqft

Acres 0.16

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 attorneys 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 tenants leases expire rents will be raised to market price.

Location

State NV

County Clark County

Direction Take I-15 S, W Sahara Ave and S Maryland Pkwy to E Clark Ave , Continue on E Clark Ave. Drive to S 11thSt

Interior

Heating Electric, Central

Cooling Other Cooling System

Flooring Ceramic

Heat Source Electric

Exterior

Amenities Available Ceiling Fan, Enclosed Yard(S), Laundry Room

Roof Type Other

Building

Sewer Public

Water Public

Unit Floor 1

Construction Status RESALE

Others

Tax ID 139-34-811-020

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Virtual Tour https://www.propertypanorama.com/instaview/las/2349866

Listed by MLSHomelisters.com

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512 South 11th ST Las Vegas, NV 89101

Key Details

Location

Interior

Exterior

Building

Others

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512 South 11th ST