$450,000
$485,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
2,064 SqFt
SOLD DATE : 01/31/2022
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,064 sqft
Price per Sqft $218
Subdivision Pioneer Heights Add
MLS Listing ID 2350454
Sold Date 01/31/22
Style Triplex
Construction Status Poor Condition,Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $890
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Triplex
Property Description
HUGE POTENTIAL INCOME: Never mind the current owner's rental income. These units need to be rehabbed. Adjacent properties, exact same building age/style/size, are getting $1250 to $1650 per month, per unit. Each apartment is 2 bdrm, 1 bath with small yard. Current owner has not raised rent on some tenants since 2005. Check website of apts at Bonneville & 11th St. for photos and rents for what can be done with this property. Their website says $1500-1750 per month, no vacancy. When rehabbed, each unit would have new kitchen, new bath, washer/dryer, new flooring, new cabinets, counters, lighting, etc. When rented at $1000 per month, that would be a $36,000 income. NOI would be $30,527, Cap Rate would be .06, GRM would be 13.5. Make offer subject to viewing/inspection. One unit avail to be shown end of Nov. Do not contact tenants! Drive by only. This is sold ONLY with adjacent unit at 506 S 11th. Buy one unit outright and owner will consider carrying 2nd unit, great terms.
Location
State NV
County Clark County
Direction From Charleston & Maryland: N on Maryland, left on Bonneville, R on 11th, property on left. Properties on SW corner of Clark & 11th. Watch for one-way streets.
Interior
Interior Features Ceiling Fan(s), Storage
Heating Central, Electric
Cooling Central Air, Refrigerated
Flooring Other, Wood
Furnishings Unfurnished
Fireplace No
Window Features Blinds
Appliance Electric Water Heater, Disposal, Oven, Range, Refrigerator
Exterior
Parking Features Alley Access
Amenities Available Landscaping, Storage
Water Access Desc Public
Roof Type Composition,Shingle
Present Use Residential
Total Parking Spaces 8
Building
Story 1
Sewer Public Sewer
Water Public
Construction Status Poor Condition,Resale
Others
Tax ID 139-34-811-022
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Financing Seller Financing
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