NOT LISTED FOR SALE

Estimated Value: $718,000 - $758,000

8 Beds
8 Baths
4,244 Sq Ft
$175/Sq Ft Est. Value

Last Sold January 25, 2024

Last sale price $700,000 $165 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,212/month

28 Days on Market

Highlights

  • No HOA
  • Patio
  • Storage
  • Balcony
  • Laundry Room
  • Tile Flooring

About This Home

As of January 2024

Investment Opportunity – Fully Occupied Fourplex with Strong Cap Rate! Currently fully occupied with reliable, on-time paying tenants, this property boasts a solid 7.1% cap rate. Each unit in this fourplex is a spacious 2-bedroom, 1,060 sqft condo featuring an open floor plan with tile in downstairs units and carpet in upstairs units. Kitchens are equipped with Stainless Steel Appliances, a Breakfast Nook, and a Dining Area. Living Rooms have a wood-burning fireplace. Laundry Room equipped with a Full-Size Washer and Dryer in each unit! Balcony with a Storage Closet in each unit. One assigned parking spot per unit and two open visitor parking spots. Common area backyard for tenants to enjoy. Don't miss your chance to add this income-generating property to your investment portfolio.

Last Agent to Sell the Property

Kami Zargari

Triumph Property Management Co Brokerage Phone: 702-367-2323 License #B.1000830 Listed on: 11/28/2023

Last Buyer's Agent

zorik arakelyan

IHOME Realty LLC License #B.0143249

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,163

Year Built

  • Built in 1990

Lot Details

  • 7,405 Sq Ft Lot
  • Landscaped
  • Property is in good condition

Parking

  • Assigned Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,244 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Storage

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Sierra Oeste #2 Subdivision

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,163

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • CapRate: 7.1
  • Subdivision Name: Sierra Oeste #2
  • Directions: Proceed east on Lake Mead from US 95 until you reach Lirio; make a right turn. Take the second left onto Ilanos.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1990
  • ResoPropertyType: Residential
  • Attribution Contact: 702-367-2323
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1990

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Storage
  • Living Area: 4244.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Brick, Block, Stucco
  • Patio And Porch Features: Balcony, Patio
  • Property Condition: Good Condition, Resale
  • Roof: Tile

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1160.0

Condo/Co-op/Association

  • Amenities: Landscaping
  • Association: No

Schools

Lot Info

  • Lot Size Sq Ft: 7405.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity, Sewer, Trash Collection

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 59520.0
  • Annual Operating Expense: 9685.0

Tax Info

  • Tax Annual Amount: 3163.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2023
Closed on
Jan 24, 2024
Sold by
Bains Navio
Bought by
Salamyan Grigor
Seller's Agent
Kami Zargari
Triumph Property Management Co
Buyer's Agent
zorik arakelyan
IHOME Realty LLC
List Price
$695,000
Sold Price
$700,000
Premium/Discount to List
$5,000
0.72%
Views
24
Current Estimated Value
$740,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,669
Avg. Annual Appreciation
3.40%
Original Mortgage
$455,000
Outstanding Balance
$447,038
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
$293,631

Purchase Details

Listed on
Nov 28, 2023
Closed on
Jan 23, 2024
Sold by
Bablumyan Merri
Bought by
Salamyan Grigor
Seller's Agent
Kami Zargari
Triumph Property Management Co
Buyer's Agent
zorik arakelyan
IHOME Realty LLC
List Price
$695,000
Sold Price
$700,000
Premium/Discount to List
$5,000
0.72%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Outstanding Balance
$447,038
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
$293,631

Purchase Details

Closed on
Sep 11, 2020
Sold by
Bains Navio and Bains Kirandeep K
Bought by
Bains Navio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2017
Closed on
Oct 19, 2017
Sold by
Serpas Joaquin A and Segovia Karen
Bought by
Bains Navio and Bains Kirandeep K
Seller's Agent
Patricia Magarinos
Prominent Realty Group LLC
Buyer's Agent
Jeff Galindo
New Door Residential
List Price
$380,000
Sold Price
$375,000
Premium/Discount to List
-$5,000
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%
Original Mortgage
$265,900
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2015
Closed on
Aug 13, 2015
Sold by
Khalilzadegan Jessica
Bought by
Serpas Joaquin A and Segovia Karen
Seller's Agent
Bruce Khalilzadegan
Stardust Realty LLC
Buyer's Agent
Patricia Magarinos
Prominent Realty Group LLC
List Price
$289,900
Sold Price
$275,000
Premium/Discount to List
-$14,900
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.07%
Original Mortgage
$198,750
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2015
Closed on
Jul 29, 2015
Sold by
Serpas Martha D
Bought by
Serpas Joaquln A
Seller's Agent
Bruce Khalilzadegan
Stardust Realty LLC
Buyer's Agent
Patricia Magarinos
Prominent Realty Group LLC
List Price
$289,900
Sold Price
$275,000
Premium/Discount to List
-$14,900
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2009
Sold by
Fdic
Bought by
Khalilzadegan Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,991
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 9, 2008
Sold by
Muy Connie
Bought by
Indymac Mortgage Fsb

Purchase Details

Closed on
Jan 25, 2006
Sold by
Perez Laura Amparo
Bought by
Muy Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
6.28%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2005
Sold by
Hicks Grace H
Bought by
Perez Laura Amparo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.84%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 27, 2004
Sold by
Hicks William A
Bought by
Hicks Grace H

Purchase Details

Closed on
Jun 8, 2004
Sold by
Lippert Alex
Bought by
Hicks Grace H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 4, 2002
Sold by
Guerra Refugio and Lippert Suzanne Erika
Bought by
Lippert Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.37%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 13, 2000
Sold by
Diaz Maymara and Ortiz Yamilen
Bought by
Guerra Refugio and Juarez Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,499
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 7, 1999
Sold by
Sotelo Soledad
Bought by
Guerra Refugio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,499
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 3, 1999
Sold by
Orkhov David and Orkhov Maya
Bought by
Diaz Naymara and Ortiz Yamilen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,185
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 1995
Sold by
Karsyan Tigran and Karsyan Anahit A
Bought by
Orkhov David and Orkhov Maya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
9.23%
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
Salamyan Grigor $700,000 Chicago Title
Salamyan Grigor -- Chicago Title
Bains Navio -- National Closing Solution
Bains Navio $375,000 First American Title Ins
Serpas Joaquin A $275,000 Nevada Title Las Vegas
Serpas Joaquln A -- Nevada Title Las Vegas
Khalilzadegan Jessica $210,500 Fidelity Rainbow
Indymac Mortgage Fsb $282,577 Fidelity National
Muy Connie $535,000 Chicago Title
Perez Laura Amparo $500,000 Commonwealth Title
Hicks Grace H -- Fidelity National Title
Hicks Grace H $380,000 Fidelity National Title
Lippert Alex $245,000 Land Title
Guerra Refugio $226,000 Lawyers Title
Guerra Refugio -- Lawyers Title
Diaz Naymara $224,000 Old Republic Title Company
Orkhov David $225,000 Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salamyan Grigor $455,000
Previous Owner Bains Navio $265,000
Previous Owner Bains Navio $265,900
Previous Owner Serpas Joaquin A $198,750
Previous Owner Khalilzadegan Jessica $202,991
Previous Owner Muy Connie $428,000
Previous Owner Perez Laura Amparo $380,000
Previous Owner Hicks Grace H $285,000
Previous Owner Lippert Alex $196,000
Previous Owner Guerra Refugio $224,499
Previous Owner Diaz Naymara $190,185
Previous Owner Orkhov David $157,500
Closed Lippert Alex $36,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2024 01/25/24 Sold $700,000 +0.7% $165 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
12/22/2023 12/22/23 For Sale $695,000 0.0% $164 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/28/2023 11/28/23 For Sale $695,000 +85.3% $164 / Sq Ft
11/06/2017 11/06/17 Sold $375,000 -1.3% $88 / Sq Ft
10/07/2017 10/07/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $380,000 +38.2% $90 / Sq Ft
08/21/2015 08/21/15 Sold $275,000 -5.1% $65 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
05/03/2015 05/03/15 For Sale $289,900 -- $68 / 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 $3,415 $137,992 $54,950 $83,042
2024 $3,163 $137,992 $54,950 $83,042
2023 $2,106 $124,814 $47,600 $77,214
2022 $2,929 $115,658 $42,000 $73,658
2021 $2,712 $103,405 $32,900 $70,505
2020 $2,516 $101,493 $30,800 $70,693
2019 $2,358 $100,011 $29,400 $70,611
2018 $2,250 $95,312 $26,600 $68,712
2017 $2,871 $87,592 $18,375 $69,217
2016 $2,106 $77,385 $15,400 $61,985
2015 $4,086 $72,424 $14,000 $58,424
2014 $2,040 $60,383 $11,200 $49,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2544107

Las Vegas REALTORS®

APN: 138-23-711-025