NOT LISTED FOR SALE

Estimated Value: $427,714 - $722,000

8 Beds
4 Baths
3,268 Sq Ft
$181/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $310,000 $95 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,276/month

241 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of April 2021

Multifamily portfolio consists of 3 individually parceled 4 plex buildings (610_621_625 N 11th St) buy 1 or 2 or 3 its up to you. All units are 2 bedroom 1 bathroom floor plans with an average rent of $695 which is below market. Current occupancy is 100%. The conditions of each building vary and all can be considered to be in fair. Great opportunity for good cash flowing property. Info packet available upon request.

Last Agent to Sell the Property

Paul Macaluso

Simply Vegas License #BS.0145166 Listed on: 07/30/2020

Simply Vegas

Last Buyer's Agent

Paul Macaluso

Simply Vegas License #BS.0145166 Listed on: 07/30/2020

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,043

Year Built

  • Built in 1961

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in good condition

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,268 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Kitchen

  • Oven
  • Range

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, rent only

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Stewart Add Subdivision

Building Details

  • Maintenance Expense $1,200
  • Professional Management Expense $3,336

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,043

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 7.25
  • Professional Management Expense: 3336.0
  • Subdivision Name: Stewart Add
  • Directions: I-95 Exit Las Vegas BLVD to Bonanza, East On Bonanza to N 11th St
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1961
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1961

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Tile
  • Interior Amenities: None
  • Living Area: 3268.0

Exterior Features

  • Construction Type: Stucco, Wood Frame
  • Property Condition: Good Condition, Resale
  • Roof: Composition, Flat, Shingle

Garage/Parking

  • Parking Features: Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1851.0

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Rent Only

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 33360.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 8780.0

Tax Info

  • Tax Annual Amount: 1043.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2020
Closed on
Apr 26, 2021
Sold by
Orozco Adolfo
Bought by
Tran Jennifer and Davis Kathy D
Seller's Agent
Paul Macaluso
Simply Vegas
Buyer's Agent
Paul Macaluso
Simply Vegas
List Price
$324,999
Sold Price
$310,000
Premium/Discount to List
-$14,999
-4.62%
Current Estimated Value
$591,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,905
Avg. Annual Appreciation
15.68%
Original Mortgage
$226,875
Outstanding Balance
$204,841
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$387,064

Purchase Details

Listed on
Jul 30, 2020
Closed on
Apr 24, 2021
Sold by
Davis Damond Capri
Bought by
Davis Kathy D
Seller's Agent
Paul Macaluso
Simply Vegas
Buyer's Agent
Paul Macaluso
Simply Vegas
List Price
$324,999
Sold Price
$310,000
Premium/Discount to List
-$14,999
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,875
Outstanding Balance
$204,841
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$387,064

Purchase Details

Closed on
May 10, 2018
Sold by
Aguiler Erika Ayala
Bought by
Orozco Adolfo

Purchase Details

Closed on
Mar 19, 2015
Sold by
Orozco Adolfo
Bought by
Aguiler Erika Ayala

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
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2011
Sold by
U S Bank National Association
Bought by
Elite Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
4.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 7, 2010
Sold by
Castro Eduardo
Bought by
Bank Of America National Association

Purchase Details

Closed on
Nov 9, 2005
Sold by
Castro Raquel
Bought by
Castro Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
8.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 26, 2005
Sold by
Wai Lin William
Bought by
Castro Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
8.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 25, 2003
Sold by
Lin William Wai Lim and Yu Rui Ji
Bought by
Lin William Wai Lim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,806
Interest Rate
5.54%

Purchase Details

Closed on
Jan 31, 1996
Sold by
Lin Yu Rui Ji
Bought by
Lin William Wai Lim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,700
Interest Rate
7.25%
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
Tran Jennifer $302,500 Ort Co Of Nevada
Davis Kathy D -- Old Republic Title Co Of Nv
Orozco Adolfo -- Fntg Ncs
Aguiler Erika Ayala -- Nevada Title Las Vegas
Aguiler Erika Ayala $168,737 Nevada Title Las Vegas
Elite Llc $54,900 Servicelink Irvine
Bank Of America National Association $62,240 Accommodation
Castro Eduardo -- Fidelity National Title
Castro Eduardo $375,000 Fidelity National Title
Lin William Wai Lim -- United Title Of Nevada
Lin William Wai Lim -- United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Kathy D $226,875
Previous Owner Aguiler Erika Ayala $140,000
Previous Owner Elite Llc $33,000
Previous Owner Castro Eduardo $318,750
Previous Owner Lin William Wai Lim $79,806
Previous Owner Lin William Wai Lim $84,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2021 04/28/21 Sold $310,000 -4.6% $95 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
07/30/2020 07/30/20 For Sale $324,999 -- $99 / 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 $1,512 $77,399 $43,750 $33,649
2024 $1,401 $77,399 $43,750 $33,649
2023 $1,936 $74,978 $45,500 $29,478
2022 $1,297 $62,383 $35,000 $27,383
2021 $1,201 $55,197 $29,750 $25,447
2020 $1,113 $48,749 $23,800 $24,949
2019 $1,043 $46,645 $22,400 $24,245
2018 $995 $40,149 $17,220 $22,929
2017 $1,193 $36,405 $14,000 $22,405
2016 $1,936 $29,633 $7,700 $21,933
2015 $1,715 $27,454 $6,300 $21,154
2014 $900 $26,796 $6,300 $20,496
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2216948

Las Vegas REALTORS®

APN: 139-26-410-063