NOT LISTED FOR SALE

Estimated Value: $334,000 - $720,000

11 Beds
4 Baths
2,930 Sq Ft
$167/Sq Ft Est. Value

Last Sold February 20, 2018

Last sale price $675,000 $230 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $2,724/month

4 Days on Market

Highlights

  • Laundry Room
  • Carpet
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of February 2018

Great Investment opportunity! Total SQFT is 6664, Monthly rental $7395, Net income $75653, Cap rate 10.08%. Owner gets extra income from laundary room, owner 40%. 4 buildings 8 units on 1/2 acre of land, mix 5 units of 3 bedroom/1 bath and 3 units of 2 bedrooms/1 bath. 2 buildings were built in 1984, 2 buildings were built in 1942. Conveniently located in the heart of downtown Henderson, close to school, park... No HOA. Seller 1031 exchange.

Last Agent to Sell the Property

Lucy Li

Luxury Homes of Las Vegas License #S.0170269 Listed on: 01/16/2018

Last Buyer's Agent

Lucy Li

Luxury Homes of Las Vegas License #S.0170269 Listed on: 01/16/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,217

Year Built

  • Built in 1942

Lot Details

  • 10,019 Sq Ft Lot
  • Property is in average condition

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,930 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Laundry Room

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Henderson Townsite Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,217

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • CapRate: 10.08
  • Subdivision Name: HENDERSON TOWNSITE
  • Directions: 215 East to Hwy 564 Lake Mead Pkwy, R on Atlantic Avenue, peropety is on the right.
  • Architectural Style: Duplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: RESALE
  • Year Built: 1942
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1942

Interior Features

  • Number Of Buildings: 2
  • Appliances: Refrigerator
  • Flooring: Carpet, Other
  • Living Area: 2930.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 10019.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 13087.0

Tax Info

  • Tax Annual Amount: 1217.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2020
Sold by
Ding Shawn Shiliang and Zhang Kathy Xiaoyan
Bought by
For Cs Llc
Current Estimated Value
$489,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$440,849
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$48,502

Purchase Details

Listed on
Jan 16, 2018
Closed on
Feb 16, 2018
Sold by
Lee Hsin Te
Bought by
Ding Shawn Shiliang and Zhang Kathy Xiaoyan
Seller's Agent
Lucy Li
Luxury Homes of Las Vegas
Buyer's Agent
Lucy Li
Luxury Homes of Las Vegas
List Price
$750,888
Sold Price
$675,000
Premium/Discount to List
-$75,888
-10.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.97%

Purchase Details

Closed on
Apr 19, 2017
Sold by
Henderson Apartments Llc
Bought by
Lee Hsin Te and The Reincarnation Trust

Purchase Details

Closed on
Nov 1, 2006
Sold by
Darson Blackwell Llc
Bought by
Henderson Apartments Llc and Famid Henderson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,956
Interest Rate
6.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2004
Sold by
Shannon Holdings Llc
Bought by
Castello Edward and Castello Julie F

Purchase Details

Closed on
Jun 14, 2002
Sold by
Walters Alton J
Bought by
Dawn Holding Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
For Cs Llc $750,000 Noble Title
Ding Shawn Shiliang $337,850 Roc Title
Lee Hsin Te $560,000 Fidelity National Title
Henderson Apartments Llc $2,000,000 Fidelity National Title
Castello Edward $576,500 Ticor Title Of Nevada Inc
Dawn Holding Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open For Cs Llc $500,000
Previous Owner Henderson Apartments Llc $86,956
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2018 02/20/18 Sold $675,000 -10.1% $230 / Sq Ft
01/21/2018 01/21/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $750,888 -- $256 / Sq Ft
Source: Las Vegas REALTORS®

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
2026 $2,132 $92,067 $47,250 $44,817
2025 $1,974 $89,717 $44,625 $45,092
2024 $1,829 $89,717 $44,625 $45,092
2023 $1,829 $88,317 $47,250 $41,067
2022 $1,693 $75,839 $36,750 $39,089
2021 $1,568 $61,617 $30,450 $31,167
2020 $1,453 $60,000 $27,300 $32,700
2019 $1,362 $52,369 $19,950 $32,419
2018 $1,300 $50,812 $19,950 $30,862
2017 $1,384 $47,738 $16,800 $30,938
2016 $1,217 $46,207 $14,700 $31,507
2015 $1,216 $43,642 $12,600 $31,042
2014 $1,179 $47,231 $12,600 $34,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1959825

Las Vegas REALTORS®

APN: 179-18-310-177