E First St, Mesquite, NV 89027
- $720,000
- 8
- BD
- 4
- BA
- 3,080
- SqFt
- List Price
- $720,000
- Price Change
- ▼ $20,000 1779440089
- Days on Market
- 130
- Status
- ACTIVE
- MLS#
- 1127515
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,080
- Lot Size (Acres)
- 0.22
- Style
- 2 story above ground
- Year Built
- 1988
Property Description
Opportunity is knocking!!! Great investment property as is or significant potential for upgrading & increasing rate of return. As is, market rents of $1150/mo counting owner expenses should pick up a net cap rate of approx 6.6%. With upgrades like gating, carports, patios, or other amenities, could raise the cap rate potentially to as much as 7.8% range. 4 units recently updated with new paint, floor, counters, appliances, including some washer/dryers, new storage units, and more. Steadily renting at $1000-1200/mo. Similar units are renting in the $1200/mo+ range. Small enough to self manage. Nice enough for the right person to live in one and rent the other 3 for income. Each unit is 2 Br, 1 Ba, approx 770 sf. Great central location to parks, schools, College of Southern Nevada Mesquite Campus, library, community rec center, shopping, casinos, and much more. Sewer/Trash $125/mo, Water $286/mo, Power individually metered to tenants, Insurance $2600/y.
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Additional Information
- Area
- South of I15
- Subdivision
- None (No Subdivision)
- Taxes
- $2,130
- Interior Features
- Flooring- Laminate
- Exterior Features
- Curb & Gutter, Sidewalks
- Heating
- Electric, Heat Pump
- Cooling
- Central Air, Electric, Heat Pump
- Roof
- Composition, Flat
- Utilities
- Cable T.V., Water Source: City/Municipal, Sewer: Hooked-up, Garbage Collection, Power Source: City/Municipal
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