Mesquite, NV, 89027
Mesquite, NV, 89027Basics
- Date added: Added 6 months ago
- Status: Active
- Bedrooms: 8
- Bathrooms: 4
- Year built: 1988
- MLS ID: 1127515
- Half Bathrooms: 0
Description
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Description:
Opportunity is knocking!!! Great investment property as is or significant potential for upgrading & increasing rate of return. As is, market rents of $1150/mo counting owner expenses should pick up a net cap rate of approx 6.6%. With upgrades like gating, carports, patios, or other amenities, could raise the cap rate potentially to as much as 7.8% range. 4 units recently updated with new paint, floor, counters, appliances, including some washer/dryers, new storage units, and more. Steadily renting at $1000-1200/mo. Similar units are renting in the $1200/mo+ range. Small enough to self manage. Nice enough for the right person to live in one and rent the other 3 for income. Each unit is 2 Br, 1 Ba, approx 770 sf. Great central location to parks, schools, College of Southern Nevada Mesquite Campus, library, community rec center, shopping, casinos, and much more. Sewer/Trash $125/mo, Water $286/mo, Power individually metered to tenants, Insurance $2600/y.
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Building Details
- Stories: 0
- Listing Area: South of I15
- Total Units: 4
- Roof: Composition, Flat
Video
Amenities & Features
- Appliances: Dishwasher, Freezer, Garbage Disposal, Refrigerator, W/D Hookups, Washer & Dryer, Water Heater- Electric, Oven/Range, Oven/Range- Electric
- Cooling: Central Air, Electric, Heat Pump
- Heating: Electric, Heat Pump
