Property Attributes
- MLS#2805681
- TypeMulti-Family
- Listing Status Active
- CountyClark
- CityLas Vegas
- NeighborhoodVillage At Karen
- Zip89121
- Style
- Year Built1984
- Taxes$ 2489
- Price$ 560,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3112
- Lot Size0.04 Acres
Data Source:
Greater Las Vegas MLS (GLVAR)
Property Description
FULLY OCCUPIED LAS VEGAS FOURPLEX WITH IMMEDIATE IN-PLACE INCOME. Current scheduled rents of $1,150, $1,100, $1,150 and $1,150 generate a combined $4,550 per month and $54,600 annually. Offered at $560,000, the property provides a 9.75% gross rent yield, 10.26 GRM and a price of $140,000 per unit before operating expenses. The property features four 2-bedroom, 1-bath residences totaling approximately 3,112 square feet. Each residence offers a private entrance, central air, fireplace, functional kitchen, laundry accommodations and access to a secured community pool. An excellent opportunity for a seasoned investor, first-time multifamily buyer or qualified owner-occupant interested in living in one unit while collecting rental income from the others. Potential FHA or VA owner-occupant financing may be available, subject to existing leases, unit availability, appraisal, property eligibility, lender requirements and buyer qualification. Buyer to verify all rents, leases, deposits, HOA information, utilities, operating expenses, property condition, measurements and financing eligibility. This approach markets it to both groups without promising that FHA or VA financing will automatically work. FHA financing for a four-unit property has additional self-sufficiency requirements, while VA financing may permit a qualifying borrower to purchase up to four units when the property will serve as the borrower’s primary residence.
| Price History | |
|---|---|
| 8/3/2026 | Listed $560,000 |
General Features
| Interior Features | Window Treatments |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Electric |
| Cooling | Central Air |
| Roof | Composition,Shingle |
| Appliances | Dryer,Dishwasher,Exhaust Fan,Disposal,Oven,Range,Refrigerator,Range Hood,Washer |
| Association Fee Includes | Maintenance Grounds,Sewer,Trash |
| Architectural Style | Fourplex |
| Security Features | Gated Community |
| Construction Materials | Stucco,Wood Siding |
| Year Built | 1984 |
| Stories | 4 |
| Property SubType | Multi Family |
| Additional Parcels Description | --- |
| County | Clark |
| Property Type | Residential |
| Association Amenities | Laundry,Maintenance Structure |
| HOA / Comm Assn | Yes |
| Subdivision Name | Village At Karen |
| Status | Active |
| Directions | Starting on Sahara Ave and Nellis Blvd, head south on Nellis Blvd and make a right on Vegas Valley Dr. Make another right on Mountain Vista St and another right on Brandonkane Ln. Make a left onto Jennydiane Dr and a right onto Tracylynn Ln. Turn left on Arondavid Dr and a right onto Krissylouise Wy. The property will be on the left. |
| City | Las Vegas |
| NumberOfUnitsTotal | 4 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 1742 |
| Year Built Details | RESALE |
| Tax Annual Amount | 2489 |
| Property Condition | Good Condition,Resale |
| Virtual Tour | https://www.propertypanorama.com/instaview/las/2805681 |
| Days on Market | 3 |
| Standard Status | Active |
| PostalCity | Las Vegas |
Interior Features
| Flooring | Luxury Vinyl Plank |
|---|---|
| Furnished Y/N | Unfurnished |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds |
| Laundry Features | Washer Hookup,Dryer Hookup |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 0.04 |
| Number of Buildings | 1 |
| Building Area Total | 3112 |
| Lot Size Acres | 0.04 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool