TURNKEY, FULLY OCCUPIED INCOME-PRODUCING OPPORTUNITY IN PARADISE PALMS! This impressive approximately 4,100 SF property features 8 bedrooms, 5 bathrooms and 3 separate living areas, offering exceptional flexibility for investors or an owner-occupant looking to offset their mortgage with rental income. 100% occupied for approximately 3 years with a strong, consistent rental history, currently generating approximately $6,750/month and $81,000 annually in gross rental income. At an $830,000 purchase price, that's a 9.76% gross yield with an estimated cap rate of approximately 7.5%, based on current income and estimated operating expenses.
Even better, the property is being offered FULLY FURNISHED, creating a truly turnkey investment opportunity with great existing tenants. Live in one living area while collecting income from the others, or continue operating the entire property as an income-producing investment.
Enjoy a resort-style swimming pool with attached spa/jacuzzi and spacious outdoor entertainment area, all within a quiet, established neighborhood. Outstanding central Las Vegas location just minutes from the Las Vegas Strip, Harry Reid International Airport, UNLV, Allegiant Stadium, the future Athletics ballpark, shopping, dining, entertainment and major freeways. An exceptionally convenient location where tenants can easily Uber throughout the city's major employment and entertainment corridors.
This is the perfect property for an ambition investor to live and rent out.
NO HOA. Opportunities combining this level of income, occupancy history, location, furnishings and lifestyle amenities rarely become available. Property is currently operated as an income property; buyer to independently verify zoning, permitted uses, unit configuration, rental income, expenses and all information material to buyer.
4,106 Sq Ft
0.23 Private Acres Lot Size
single family home
$247 Monthly Tax
Built in 1984
MLS/Listing ID 2809539
1 Stories
Gas Fireplace
Tile
Hardwood
Furnished
Heating - Gas
Heating - Electric
Window Treatments
Primary Downstairs
Washer
Barbecue
Built-in Barbecue
Patio
Living Room Fireplace
Backyard
Block
Public Water
Public Sewer
Refrigerator
Electric Range
Dryer
Blinds
Laundry Room
Gas Dryer Hookup
Lot - Landscaped
Parking - Private
Parking - Garage
Parking - Attached
Covered
Pool - Private
Pool Spa Combo
Pool - Inground
Pool - Gas Heat
Disposal
Dishwasher
Style - Two Story
Style - One Story
Cooling - Electric
Cooling - Central Air
Cooling - Ceiling Fans
Private Yard
TOTAL MONTHLY COST
$0
$0
$0
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