Las Vegas Homes with Fourplex Bldg Desc

Las Vegas Homes with Fourplex Bldg Desc

Welcome to Las Vegas, Nevada – a city that sparkles with excitement and offers a lifestyle like no other! Nestled in Clark County, Las Vegas is renowned for its vibrant nightlife, world-class entertainment, and stunning desert landscapes. But beyond the glitz and glamour of the Strip, this dynamic city is also a thriving community filled with diverse neighborhoods, excellent schools, and plenty of recreational opportunities.

For those looking to invest in real estate, consider the unique charm and potential of fourplex buildings in Las Vegas. These multifamily homes offer not just a residence but a strategic investment opportunity. With four separate units, a fourplex allows you to maximize rental income while enjoying the benefits of property ownership. Imagine living in one unit while renting out the others, creating a sustainable income stream in a city known for its strong rental market.

Las Vegas boasts a variety of fourplex properties, from modern designs with contemporary finishes to charming vintage builds that reflect the city’s rich history. Many are conveniently located near essential amenities, including shopping centers, schools, and parks, making them ideal for families and young professionals alike.

With the ongoing growth of the city, investing in a fourplex in Las Vegas is not just a smart financial decision; it’s an opportunity to be part of a community that is constantly evolving. Whether you’re drawn to the excitement of the Strip or the tranquility of suburban life, Las Vegas has something for everyone. Explore the possibilities today and discover your perfect fourplex in this dazzling city!

Newest Las Vegas Homes with Fourplex Bldg Desc

$560,000
2805681 MLS 3,112 SqFt.
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.

4708 Krissylouise Way, Las Vegas

$1,310,000
2801616 MLS 4,274 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1153 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $84,205, representing approximately a 6.4% cap rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

1153 Sierra Vista Drive, Las Vegas

$1,310,000
2801639 MLS 4,002 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1165 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $82,723, representing approximately a 6.3% capitalization rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1153 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

1165 Sierra Vista Drive, Las Vegas

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