For Sale
$714,999

4775 Lucite LnLas Vegas, NV 89115

Fourplex, 100% Occupancy, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 4775 Lucite Ln, Las Vegas, NV 89115. The property, built in 1984 and boasting a desirable RM32 zoning, sits on a 0.27-acre lot (APN 140-05-710-071). The building comprises 3,604 square feet of net rentable space, currently achieving 100% occupancy, generating a strong Net Operating Income (NOI) of $39,960, and a 5.59% capitalization rate. The asking price is $714,999, translating to $178,749.75 per unit and $198.39 per square foot. The building features a mix of unit sizes: two three-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. Convenient amenities include four individual storage rooms, an on-site laundry facility, and seven parking spaces. The property has undergone both interior and exterior renovations, ensuring its excellent condition and appeal to tenants. This stabilized investment offers a compelling return on investment in a thriving Las Vegas market. Financial records are available upon request. This is a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation. The property's strong occupancy rate and consistent income stream make it an attractive addition to any portfolio.

Highlights

  • Well-maintained, four-unit apartment building in Las Vegas, NV.
  • Located on a 0.27-acre lot (APN 140-05-710-071) with RM32 zoning.
  • 3,604 square feet of net rentable space, 100% occupancy.
  • Strong NOI of $39,960 and a 5.59% capitalization rate.
  • Asking price: $714,999 ($178,750/unit, $198.39/sq ft).

Property Details for 4775 Lucite Ln

Property type
Apartment buildings
Square Feet
3,604 SF
Class
B
Year Built
1984
Buildings
1
Stories
2
Lot Size (sq. ft)
11,761 SF
Units
4

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.2393682
Longitude
-115.0696699
4775 Lucite Ln, Las Vegas, Nevada

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4775 Lucite Ln
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