NOT LISTED FOR SALE

5145 Kell Ln Las Vegas, NV 89156

Estimated Value: $804,000 - $924,680

13 Beds
8 Baths
5,680 Sq Ft
$152/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $850,000 $150 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,816/month

8 Days on Market

Highlights

  • 1.24 Acre Lot
  • Window Unit Cooling System
  • Storage
  • Private Yard
  • Patio
  • Ceramic Tile Flooring

About This Home

As of March 2022

Hard to find ((7 unit property 9 streams of income)), turn key investment. There are 5 houses, a duplex and 2 rented lots. This strong cash flow property is in great shape and has been through a recent and extensive remodel. With a strong potential for an upside potential on rents; there is little to do here. This property can make the perfect value add project with room to expand on the 1.2 acre lot that also offers plenty of parking. Each unit has its own yard and driveway with plenty of area to park on. The one bedrooms can potentially be remodeled into two or more bedrooms. Additional two lots receiving income. The location is in the eastern quadrant of the city and within walking distance to shopping, services and bus lines. The demographic is a blue collar working class with an eagerness to pay rent on time. If you're looking for the perfect property to exchange into the seller can close as fast as you’d like on this one.

Last Agent to Sell the Property

Ron Hemphill

Platinum Real Estate Prof License #BS.0143400 Listed on: 01/24/2022

Platinum Real Estate Prof

Last Buyer's Agent

Mary Preheim

Real Broker LLC License #S.0075901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,779

Year Built

  • Built in 1947

Lot Details

  • 1.24 Acre Lot
  • Private Yard
  • Property is in good condition

Parking

  • 14 Parking Spaces

Home Design

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

Interior Spaces

  • 5,680 Sq Ft Home
  • 1-Story Property
  • Storage
  • Ceramic Tile Flooring

Kitchen

  • Oven
  • Range

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Heating Available

Community Details

Overview

  • 6 Buildings
  • 4 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,779

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 1.24
  • CapRate: 7.83
  • Subdivision Name: None
  • Directions: From 95 & Charleston head east to Nellis and then left to Kell Ln and take a right. Buildings are on the right.
  • Architectural Style: Duplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: RESALE
  • Year Built: 1947
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1947

Interior Features

  • Number Of Buildings: 6
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Ceramic Tile
  • Interior Amenities: Storage
  • Living Area: 5680.0

Exterior Features

  • Construction Type: Stucco, Wood Frame
  • Exterior Features: Private Yard
  • Patio And Porch Features: Patio
  • Property Condition: Good Condition, Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 14.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Storage

Lot Info

  • Lot Size Sq Ft: 54014.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 79800.0
  • Annual Operating Expense: 2400.0

Tax Info

  • Tax Annual Amount: 1779.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
Feb 23, 2022
Sold by
Sierra One Properties Llc
Bought by
Exa Design Enterprises Llc
Seller's Agent
Ron Hemphill
Platinum Real Estate Prof
Buyer's Agent
Mary Preheim
Real Broker LLC
List Price
$849,900
Sold Price
$850,000
Premium/Discount to List
$100
0.01%
Current Estimated Value
$864,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,340
Avg. Annual Appreciation
0.47%

Purchase Details

Closed on
Feb 25, 2019
Sold by
Parker Gleenwood E and Parker Marylyn
Bought by
Sierra One Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 17, 2001
Sold by
Parker Glenwood and Parker Marylyn
Bought by
Parker Glenwood E and Parker Marylyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 21, 2001
Sold by
Nix Luther D and Nix Juanita A
Bought by
Parker Glenwood and Parker Marylyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.97%
Mortgage Type
Seller Take Back
Source: Public Records

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
Exa Design Enterprises Llc $850,000 New Title Company Name
Sierra One Properties Llc $400,000 Monument Title Insurance
Parker Glenwood E -- --
Parker Glenwood $200,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sierra One Properties Llc $300,000
Previous Owner Parker Glenwood $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $850,000 0.0% $150 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $849,900 -- $150 / 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 $2,577 $127,506 $68,600 $58,906
2024 $2,387 $127,506 $68,600 $58,906
2023 $2,387 $125,908 $73,500 $52,408
2022 $2,210 $113,718 $66,150 $47,568
2021 $2,047 $100,851 $58,800 $42,051
2020 $1,898 $96,713 $55,125 $41,588
2019 $1,779 $87,944 $47,775 $40,169
2018 $1,697 $76,994 $39,375 $37,619
2017 $2,181 $74,379 $37,188 $37,191
2016 $1,589 $71,374 $35,000 $36,374
2015 $1,585 $55,680 $20,475 $35,205
2014 $1,736 $50,818 $18,200 $32,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2365380

Las Vegas REALTORS®

APN: 140-21-401-002