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718 W Wilson Ave Las Vegas, Nevada 89106 MLS# 2616436
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.
Approximate Room Sizes / Descriptions
Bathrooms
Reduced By $40,000