NOT LISTED FOR SALE

Estimated Value: $469,362 - $633,000

8 Beds
4 Baths
2,730 Sq Ft
$205/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $437,000 $160 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,090/month

174 Days on Market

Highlights

  • Balcony
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of May 2022

Looking for a solid and stable, cash flowing 4-plex located in a rapidly appreciating, strong rental demand area of Downtown Las Vegas? This is it! There are 4 identical units, each 2 bed/1 bath. Centrally located in the growing downtown Las Vegas area. It offers significant upside in rental income (owner hasn't increased rent in 2 years), and it is conveniently located near schools, businesses, restaurants, freeways, and transportation. Additionally, this property is a short drive from the arts district and is located less than a mile from the world famous Fremont Street, a five-block outdoor area consisting of restaurants, retail stores, and entertainment. These are hard to find and this one has huge upside for rent and even some improvements. Don't delay.

Last Agent to Sell the Property

Kyle Mayer

Realty 360 License #S.0175493 Listed on: 10/27/2021

Last Buyer's Agent

Eric Anderson

NV Broker & Associates, LLC License #BS.0145548

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $639

Year Built

  • Built in 1952

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,730 Sq Ft Home
  • 2-Story Property
  • Blinds

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Fairview Tr Subdivision

Building Details

  • Maintenance Expense $3,000
  • Professional Management Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$639

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • CapRate: 6.5
  • Professional Management Expense: 2400.0
  • Subdivision Name: Fairview Tr
  • Directions: From I-515 Freeway in Las Vegas, go S on Las Vegas Blvd and turn left (SE) on Stewart Ave. Turn Right AFTER 13th St, into the alley. Building is 3rd on right.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1952
  • ResoPropertyType: Residential
  • Attribution Contact: 702-233-4663
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1952

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2730.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Block, Wood Frame
  • Patio And Porch Features: Balcony
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1200.0

Condo/Co-op/Association

  • Amenities: None

Lot Info

  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 36000.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 3000.0
  • Annual Operating Expense: 8264.0

Tax Info

  • Tax Annual Amount: 639.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
May 9, 2022
Sold by
Robinson Shon D and Liv Julianne
Bought by
Song Jiho
Seller's Agent
Kyle Mayer
Realty 360
Buyer's Agent
Eric Anderson
NV Broker & Associates, LLC
List Price
$425,000
Sold Price
$437,000
Premium/Discount to List
$12,000
2.82%
Current Estimated Value
$559,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,591
Avg. Annual Appreciation
7.45%
Original Mortgage
$327,750
Outstanding Balance
$309,827
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$249,764

Purchase Details

Listed on
May 17, 2018
Closed on
May 29, 2018
Sold by
Young Bryson
Bought by
Robinson Shon D and Robinson Julianne
Seller's Agent
Kevin Sullivan
Keller Williams MarketPlace
Buyer's Agent
Kyle Mayer
Realty 360
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%

Purchase Details

Listed on
May 3, 2016
Closed on
Sep 27, 2016
Sold by
Young Robyn
Bought by
Young Bryson
Seller's Agent
Ruchelle Stuart
First Full Service Realty
Buyer's Agent
Kyle Mayer
Realty 360
List Price
$179,999
Sold Price
$169,000
Premium/Discount to List
-$10,999
-6.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.30%
Original Mortgage
$126,750
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2013
Sold by
Sullivan Michael O
Bought by
Sunrise Investment Holdings Llc

Purchase Details

Closed on
Feb 11, 2004
Sold by
Thai Sen
Bought by
Osullivan Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.85%
Mortgage Type
Unknown

Purchase Details

Closed on
May 31, 2002
Sold by
Schneider Janet
Bought by
Thai Sen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.86%

Purchase Details

Closed on
Nov 30, 2000
Sold by
Atienza Manuel B and Atienza Maria Theresa
Bought by
Schneider Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.66%

Purchase Details

Closed on
Dec 27, 1996
Sold by
Howard Dale and Howard Lesley
Bought by
Atienza Manuel B and Atienza Maria Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,250
Interest Rate
7.53%
Source: Public Records

Range of Values:

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Average Value
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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
Song Jiho $437,000 New Title Company Name
Robinson Shon D $280,000 Monument Title Insurance
Young Bryson -- National Title Co
Young Bryson $169,000 National Title Co
Sunrise Investment Holdings Llc $79,600 National Title Co
Osullivan Michael $220,000 National Title Company
Thai Sen $175,000 United Title
Schneider Janet $135,000 Stewart Title
Atienza Manuel B $117,500 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Song Jiho $327,750
Previous Owner Young Bryson $126,750
Previous Owner Osullivan Michael $176,000
Previous Owner Thai Sen $140,000
Previous Owner Schneider Janet $108,000
Previous Owner Atienza Manuel B $82,250
Closed Thai Sen $17,500
Closed Osullivan Michael $22,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2022 05/20/22 Sold $437,000 +2.8% $160 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
10/27/2021 10/27/21 For Sale $425,000 +51.8% $156 / Sq Ft
05/31/2018 05/31/18 Sold $280,000 0.0% $103 / Sq Ft View Prior Sale
05/17/2018 05/17/18 For Sale $280,000 +65.7% $103 / Sq Ft
09/29/2016 09/29/16 Sold $169,000 -6.1% $62 / Sq Ft View Prior Sale
08/30/2016 08/30/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $179,999 -- $66 / 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 $1,932 $74,116 $46,900 $27,216
2024 $1,538 $74,116 $46,900 $27,216
2023 $1,538 $63,091 $39,200 $23,891
2022 $690 $52,935 $30,800 $22,135
2021 $639 $48,588 $28,000 $20,588
2020 $590 $48,205 $28,000 $20,205
2019 $553 $47,621 $28,000 $19,621
2018 $528 $36,642 $18,130 $18,512
2017 $1,076 $32,829 $14,700 $18,129
2016 $496 $26,137 $8,400 $17,737
2015 $1,516 $23,681 $6,563 $17,118
2014 $1,446 $23,146 $6,563 $16,583
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2345147

Las Vegas REALTORS®

APN: 139-35-211-096