New Listing210 South 10th Street,Las Vegas, NV 89101
Las Vegas, NV 89101
Description
RARE SIX-UNIT INVESTMENT OPPORTUNITY IN DOWNTOWN LAS VEGAS!Calling all investors, contractors, and savvy real estate entrepreneurs! This six-unit multifamily property presents an exceptional value-add opportunity for an investor looking to renovate, reposition, and maximize rental income.The property consists of a front duplex featuring two 2-bedroom units and a rear fourplex featuring four 1-bedroom units (two downstairs and two upstairs), offering a total of six rental units.Currently occupied by six tenants, the property generates a combined monthly rental income of only $3,650, with all tenants on month-to-month agreements. Current rents are substantially below market, presenting an opportunity for a new owner to renovate the property, reposition the units, and potentially achieve significantly higher rental income.PLEASE NOTE: This property requires a complete renovation and is being offered as a major fixer-upper. Investors should be prepared for an extensive rehabilitation project. The upside is the opportunity to create substantial value through improvements, increased rental income, and long-term equity appreciation.PLEASE CALL GLENN, THE LISTING AGENT, DIRECTLY ON HIS CELL PHONE to discuss the property, its current condition, and the investment opportunity in greater detail.Once under contract, arrangements can be made to tour the property. Buyers are welcome to drive by and view the exterior, but PLEASE DO NOT DISTURB THE TENANTS.
Details
| MLS # | 2833642 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 3 |
| Listing Provided By | Vegas International Properties | Glenn S. Plantone |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,844 |
| Story(s) | 2 |
| Zoning | Multi-Family |
| Acreage | 0.16 |
Interior
| Cooling | Electric, Window Units |
|---|---|
| Heating | Electric, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Bathroomon Main Level, Bedroom On Main Level, Primary Downstairs, None |
| Furnished | Unfurnished |
| Appliances | Built In Electric Oven, Other, Refrigerator |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Balcony |
|---|---|
| Roof | Asphalt |
| Lot Features | Less Than Quarter Acre |
| Fencing | Partial, Wood |
Parking
| Parking Features | Open |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Available |
|---|---|
| Electric | Photovoltaics None |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 2451 |
|---|
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89101 |
| Community Name | Pioneer Heights Add |
| School District | Rancho |
| Elementary School | Hollingswoth |
| High School | Rancho |
| Listing VS Median (in Pioneer Heights Add) | |
Price: $595,995 low | high Med: $100,000 sqft: 3,844 low | high Med: 700 $ / sqft: $155 low | high Med: $143 On site: 3 low | high Med: 121 | |
Market Activity 89101
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Learn More About This Property
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89101 |
| Community Name | Pioneer Heights Add |
| School District | Rancho |
| Elementary School | Hollingswoth |
| High School | Rancho |
| Listing VS Median (in Pioneer Heights Add) | |
Price: $595,995 low | high Med: $100,000 sqft: 3,844 low | high Med: 700 $ / sqft: $155 low | high Med: $143 On site: 3 low | high Med: 121 | |
