718 W Wilson Avenue
Las Vegas, NV 89106
$40,000.00 (-6.4%)
Active for $585,000
Beds: N/A Baths: N/A Structure Size: 2,288 sqft Lot Size: 6,970 sqft
| MLS | 2616436 |
| Year Built | 1963 |
| Property Type | Multi Family |
| County | Clark |
| Status | Active |
| Active | $585,000 |
| Structure Size | 2,288 sqft |
| Lot Size | 6,970 sqft |
| Beds | N/A |
| Baths | N/A |
Description
718 W Wilson Ave is a well-maintained, garden-style fourplex in the Historic Westside, part of the Vision 2045 Downtown Las Vegas Master Plan and a designated Opportunity Zone. This single-story property has new windows, a water heater, and central AC units, plus a gated courtyard for added privacy. Located near downtown Las Vegas with easy freeway access, the property has long-term tenants and low operating expenses, generating $52,152 in annual rent: • Unit 1: $1,000/mo – Lease through 10/31/24 • Unit 2: $1,476/mo – Lease through 11/30/25 • Unit 3: $995/mo – Lease through 1/31/25 • Unit 4: $875/mo – Lease through 11/30/24 Additional income potential exists from laundry, storage leasing, and RUBs. Property taxes are only $918 per year. Asking price: $585,000 with a 7% actual CAP rate. Contact us for the Offering Memorandum and Rent Roll.
Listing information courtesy of: Catherine Hyde, Simply Vegas (702) 408-2289. *Based on information from the Association of REALTORS/Multiple Listing as of 02/02/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Niko Xhaholli
REALTOR®
Direct: 702.581.1165
Email: Email Me
DRE: S.0187982
DRE #01873088
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