Description
INVESTOR OPPORTUNITY! $1,658/MONTH IN-PLACE RENT AND APPROXIMATELY 11.1% GROSS ANNUAL RENT YIELD! This income-producing property offers an appealing opportunity for buy-and-hold investors seeking an established rental income stream at an accessible price point. The current approved HCV/Section 8 rent is $1,658 per month, currently paid 100% by the Housing Authority under the existing rental assistance arrangement. At the current asking price, the annual gross rent yield is approximately 11.1%, before HOA dues and other operating expenses. Enjoy a central Las Vegas location with convenient access to the Las Vegas Strip, Sphere, Harry Reid International Airport, UNLV, medical services, shopping, and premier golf destinations including Las Vegas Country Club and Wynn Golf Club. An attractive entry point into the Las Vegas real estate market, this property may appeal to both investors looking for income potential and buyers considering future owner-occupancy, subject to the existing tenancy and applicable requirements. Seller offering a $796 credit toward Buyer's November and December 2026 HOA dues at closing, subject to contract and applicable approval. Tenant occupied. Please do not disturb tenant. Buyer to independently verify rental assistance terms, lease and HAP documentation, ownership transfer requirements, HOA fees, property taxes, insurance, property condition, and all other information. Showings by appointment only with a minimum of 24 hours' advance notice. Please do not disturb the tenant.
Details
| MLS # | 2827625 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| HOA Dues | $398 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 22 |
| Listing Provided By | Axen Realty LLC | Yurong Yang |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 772 |
| Story(s) | 1 |
| Zoning | Multi-Family |
| Acreage | 0.04 |
Interior
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Bathroomon Main Level, Bedroom On Main Level, Primary Downstairs, Window Treatments |
| Window Features | Window Treatments |
| Furnished | Unfurnished |
| Appliances | Gas Range, Microwave, Refrigerator |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Patio, Private Yard |
|---|---|
| Roof | Composition, Shingle |
| Lot Features | Landscaped, Less Than Quarter Acre |
| Fencing | Block, Back Yard |
Parking
| Parking Features | Assigned, Uncovered, Guest |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Underground Utilities |
|---|---|
| Electric | Photovoltaics None |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 409 |
|---|
Location
| Community Features | Pool |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89119 |
| Community Name | Swenson Apts |
| School District | Valley |
| Elementary School | Thomas |
| High School | Valley |
| Listing VS Median (in Swenson Apts) | |
Price: $178,867 low | high Med: $137,500 sqft: 772 low | high Med: 528 $ / sqft: $232 low | high Med: $260 On site: 22 low | high Med: 119 | |
Market Activity 89119
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Learn More About This Property
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89119 |
| Community Name | Swenson Apts |
| School District | Valley |
| Elementary School | Thomas |
| High School | Valley |
| Listing VS Median (in Swenson Apts) | |
Price: $178,867 low | high Med: $137,500 sqft: 772 low | high Med: 528 $ / sqft: $232 low | high Med: $260 On site: 22 low | high Med: 119 | |
