NOT LISTED FOR SALE

Estimated Value: $261,000 - $297,165

2 Beds
2 Baths
1,044 Sq Ft
$275/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $300,000 $287 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,649/month

7 Days on Market

Highlights

  • RV Parking in Community
  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • No HOA

About This Home

As of April 2022

Completely remodeled and Tenant Occupied. Property being sold with total rents of $1950 per month on 1
year leases valid through July 2022. There is no HOA. Massive lot with loads of parking space or future building area. Please don't
disturb occupants or peak through windows. View from the street only and do not enter the property or
gated areas. Viewing subject to acceptance of contract. Check out the 360 Virtual Tour and pictures of this
incredible property which is located within walking distance of Fremont Street and Downtown Arts and
Entertainment District. If you are looking for character and a great opportunity this is it. Upstairs is full
one bed, one bath unit with kitchenette and downstairs is full one bed one bath unit with full kitchen. Both units even have washer and dryer hook ups. Property shows great and tenants have been with us and paying on time since we first remodeled property in 2020.

Last Listed By

Stanley King

eXp Realty License #BS.0143719 Listed on: 03/21/2022

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $448

Year Built

  • Built in 1940

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in good condition

Parking

  • 10 Parking Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,044 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Eco-Friendly Details

  • Energy-Efficient HVAC

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash collection, water

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Boulder Dam Homesite Add Tr #02 Subdivision
  • RV Parking in Community

Building Details

  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$448

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • CapRate: 7.2
  • Subdivision Name: Boulder Dam Homesite Add Tr #02
  • Directions: From Downtown Las Vegas, East on Fremont Street, Left on Bruce, Right on Cedar.
  • Architectural Style: Duplex
  • Unit Levels: Two
  • Efficiency: HVAC
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: RESALE
  • Year Built: 1940
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Number Of Buildings: 1
  • Flooring: Other
  • Interior Amenities: None
  • Living Area: 1044.0

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Wood Frame
  • Property Condition: Good Condition, Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: High Efficiency
  • Cooling Y N: Yes
  • Heating: Electric, High Efficiency
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1.0

Condo/Co-op/Association

  • Amenities: RV Parking
  • Association: No

Lot Info

  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23400.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 500.0

Tax Info

  • Tax Annual Amount: 448.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Apr 25, 2022
Sold by
Jinny King
Bought by
Hung David and Hung-Lyu Kim
Seller's Agent
Stanley King
eXp Realty
Buyer's Agent
Angelica Parvaz
Toro Realty
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%
Total Days on Market
7
Current Estimated Value
$287,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,459
Avg. Annual Appreciation
-1.37%

Purchase Details

Closed on
Sep 13, 2021
Sold by
Stanley King Llc
Bought by
King Jinny

Purchase Details

Listed on
Dec 18, 2019
Closed on
Apr 9, 2020
Sold by
Stanley King Llc
Bought by
Stanley King Llc and Cash Home Sales Llc
Seller's Agent
Troy Kearns
Platinum Real Estate Prof
Buyer's Agent
LJ Wardley
Nevada State Properties
List Price
$99,000
Sold Price
$90,000
Premium/Discount to List
-$9,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.82%
Original Mortgage
$122,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 18, 2019
Closed on
Feb 20, 2020
Sold by
La Casa I Llc
Bought by
Stanley King Llc
Seller's Agent
Troy Kearns
Platinum Real Estate Prof
Buyer's Agent
LJ Wardley
Nevada State Properties
List Price
$99,000
Sold Price
$90,000
Premium/Discount to List
-$9,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2013
Sold by
County Of Clark
Bought by
Jon Sunday

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hung David $300,000 Clear Title
King Jinny -- Clear Title
King Jinny $90,000 Clear Title
King Jinny $90,000 Clear Title Company
Stanley King Llc $90,000 Nevada State Title
Stanley King Llc $90,000 Chicago Title Las Vegas
Jon Sunday -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stanley King Llc $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2022 04/28/22 Sold $300,000 -4.8% $287 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $315,000 +250.0% $302 / Sq Ft
02/24/2020 02/24/20 Sold $90,000 -9.1% $86 / Sq Ft
01/25/2020 01/25/20 Pending -- -- --
12/18/2019 12/18/19 For Sale $99,000 -- $95 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $563 $36,730 $24,500 $12,230
2024 $522 $36,730 $24,500 $12,230
2023 $522 $35,562 $24,500 $11,062
2022 $483 $30,887 $21,000 $9,887
2021 $448 $26,710 $17,500 $9,210
2020 $413 $24,703 $15,750 $8,953
2019 $387 $20,897 $12,250 $8,647
2018 $369 $16,959 $8,925 $8,034
2017 $536 $16,356 $8,400 $7,956
2016 $599 $14,100 $6,300 $7,800
2015 $593 $12,392 $5,600 $6,792
2014 $33,326 $9,891 $4,200 $5,691
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2380406

Las Vegas REALTORS®

APN: 139-35-610-002