Las Vegas Homes with Fourplex Bldg Desc

Las Vegas Homes with Fourplex Bldg Desc

Welcome to Las Vegas, Nevada – a vibrant city renowned for its dazzling nightlife, world-class entertainment, and stunning desert landscapes. Nestled in Clark County, Las Vegas is more than just the entertainment capital of the world; it’s a thriving community that offers a unique blend of culture, dining, and outdoor adventures. With a population that continues to grow, this city is an ideal place for both families and investors alike.

One of the exciting real estate opportunities in Las Vegas is the availability of fourplex buildings. These multi-family homes are perfect for those looking to invest in rental properties or for larger families seeking ample living space under one roof. A fourplex typically consists of four separate units, each with its own entrance, providing both privacy and community. This setup is not only cost-effective but also allows for potential rental income from multiple tenants, making it an attractive option for savvy investors.

Living in a fourplex in Las Vegas means you’ll be just minutes away from the iconic Las Vegas Strip, where you can enjoy world-class dining, shopping, and entertainment. For those who appreciate the outdoors, nearby Red Rock Canyon and Mount Charleston offer stunning hiking trails and breathtaking views. The city boasts excellent schools, diverse neighborhoods, and a strong economy, making it a fantastic place to call home.

Whether you’re looking to invest or settle down, Las Vegas and its fourplex opportunities present a unique chance to embrace a lifestyle filled with excitement and potential. Don’t miss out on the chance to be part of this dynamic community!

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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