718 W Wilson Avenue Active Save Request In-Person Tour Request Virtual Tour
Las Vegas,NV 89106
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,288 sqft
Price per Sqft $255
Subdivision Las Vegas Orig Townsite 2Nd Amd
MLS Listing ID 2616436
Style Fourplex
Year Built 1963
Annual Tax Amount $918
Lot Size 6,969 Sqft
Property Description
718 W Wilson Ave is a well-maintained, garden-style fourplex in the Historic Westside, part of the Vision 2045 Downtown Las Vegas Master Plan and a designated Opportunity Zone. This single-story property has new windows, a water heater, and central AC units, plus a gated courtyard for added privacy.
Located near downtown Las Vegas with easy freeway access, the property has long-term tenants and low operating expenses, generating $52,152 in annual rent:
• Unit 1: $1,000/mo – Lease through 10/31/24
• Unit 2: $1,476/mo – Lease through 11/30/25
• Unit 3: $995/mo – Lease through 1/31/25
• Unit 4: $875/mo – Lease through 11/30/24
Additional income potential exists from laundry, storage leasing, and RUBs. Property taxes are only $918 per year. Asking price: $585,000 with a 7% actual CAP rate. Contact us for the Offering Memorandum and Rent Roll.
Location
State NV
County Clark
Interior
Heating Central,Electric
Cooling Central Air
Flooring Ceramic Tile
Laundry Laundry Room
Exterior
Exterior Feature Private Yard
Parking Features Alley Access,Paved
Pool None
Roof Type Pitched
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
Elementary Schools ,
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan