NOT LISTED FOR SALE

Estimated Value: $443,000 - $630,000

7 Beds
4 Baths
3,168 Sq Ft
$168/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $297,000 $94 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,199/month

12 Days on Market

Highlights

  • Storage
  • Central Heating and Cooling System
  • Carpet

About This Home

As of December 2020

Great investment opportunity in a desirable Downtown Las Vegas behind Cashman Center. FULLY OCCUPIED four units with long term tenants!! Large lot with plenty of parking.
Four units Fourplex with 2x one bedroom, 1 three bedrooms and 1 two bedrooms. Large lot with long time tenants. Property needs work but priced below comparable to reflect repairs. Great location right behind Cashman center.

Last Agent to Sell the Property

Rena Levy

Global Time Realty License #B.0035249 Listed on: 11/08/2020

Last Buyer's Agent

Nora Aguirre

Century 21 Americana License #BS.0146866

Century 21 Americana

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,132

Year Built

  • Built in 1977

Lot Details

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

Home Design

  • Quadruplex
  • Pitched Roof
  • Stucco

Interior Spaces

  • 3,168 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Storage
  • Carpet

Kitchen

  • Oven
  • Range
  • Disposal

Utilities

  • Central Heating and Cooling System

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Bruce Gardens Subdivision

Building Details

  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,132

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 6.7
  • Subdivision Name: Bruce Gardens
  • Directions: Right behind Cashman center. From Las Vegas Blvd and 95Frwy, North to Washington, East to Sagman, South to Constantine wy, East to Held, go South to property!!
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 2
  • Appliances: Disposal, Oven, Range, Refrigerator
  • Flooring: Carpet, Other
  • Interior Amenities: Storage
  • Living Area: 3168.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Average Condition, Resale
  • Roof: Pitched

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2106.0

Condo/Co-op/Association

  • Amenities: None

Schools

Lot Info

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

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 26400.0
  • Insurance Expense: 1359.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 5547.0

Tax Info

  • Tax Annual Amount: 1132.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
Nevada Investments & Trade Mgmt Llc
Bought by
Nevada Investments & Trade Mgmt Llc
Total Days on Market
12
Current Estimated Value
$531,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Outstanding Balance
$231,434
Interest Rate
3.14%
Mortgage Type
Commercial
Estimated Equity
$289,398

Purchase Details

Listed on
Nov 8, 2020
Closed on
Dec 3, 2020
Sold by
Simchi Ilan
Bought by
Nevada Investments & Trade Management
Seller's Agent
Rena Levy
Global Time Realty
Buyer's Agent
Nora Aguirre
Century 21 Americana
List Price
$310,000
Sold Price
$297,000
Premium/Discount to List
-$13,000
-4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.39%
Original Mortgage
$222,700
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 25, 2011
Sold by
The Staples Family Living Trust
Bought by
Simchi Ilan

Purchase Details

Closed on
Aug 25, 2011
Sold by
Axiom Investors Llc
Bought by
The Staples Family Living Trust

Purchase Details

Closed on
Nov 10, 2009
Sold by
Fannie Mae
Bought by
Axiom Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 17, 2009
Sold by
Villalta Ana and Villalta Frank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 13, 2006
Sold by
Villalta Ana and Villalta Frank
Bought by
Villalta Frank and Villalta Ana

Purchase Details

Closed on
Feb 1, 2006
Sold by
Marquina Aguilar Ramiro and Porcayo Margarita
Bought by
Villalta Frank and Villalta Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.16%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 8, 2005
Sold by
Diaz Aida G and Diaz Armando S
Bought by
Marquina Aguilar Ramiro and Porcayo Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 3, 2003
Sold by
Andrade Leonel and Andrade Maricela
Bought by
Diaz Armando S and Diaz Aida G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 17, 1998
Sold by
Lucero Benjamin G and Lucero Dora G
Bought by
Andrade Leonel and Andrade Maricela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
6.88%
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
Nevada Investments & Trade Mgmt Llc -- Western Title Company La
Nevada Investments & Trade Management $297,000 Wfg National Title Compan
Simchi Ilan -- Wfg National Title Company
Simchi Ilan $79,000 Old Republic Title Company
The Staples Family Living Trust $50,000 Nevada Title Las Vegas
Axiom Investors Llc $75,000 Stewart Title Las Vegas War
Federal National Mortgage Association $332,551 Fidelity National Default So
Villalta Frank -- None Available
Villalta Frank $400,000 First Amer Title Co Of Nv
Marquina Aguilar Ramiro $352,000 Lawyers Title Of Nevada
Diaz Armando S $215,000 United Title Of Nevada
Andrade Leonel $154,500 Old Republic Title Company
Lucero Benjamin G $154,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nevada Investments & Trade Mgmt Llc $249,000
Closed Nevada Investments & Trade Management $222,700
Previous Owner Axiom Investors Llc $130,000
Previous Owner Axiom Investors Llc $90,000
Previous Owner Villalta Frank $320,000
Previous Owner Marquina Aguilar Ramiro $245,000
Previous Owner Diaz Armando S $172,000
Previous Owner Lucero Benjamin G $138,700
Closed Marquina Aguilar Ramiro $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $297,000 -4.2% $94 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
11/08/2020 11/08/20 For Sale $310,000 -- $98 / 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 $2,734 $77,394 $43,750 $33,644
2024 $1,521 $77,394 $43,750 $33,644
2023 $2,082 $76,385 $43,750 $32,635
2022 $1,409 $66,806 $35,000 $31,806
2021 $1,304 $60,678 $29,750 $30,928
2020 $1,208 $55,526 $23,800 $31,726
2019 $1,132 $54,502 $22,400 $32,102
2018 $1,081 $45,553 $14,000 $31,553
2017 $1,444 $44,052 $11,900 $32,152
2016 $2,082 $41,652 $7,700 $33,952
2015 $2,764 $40,187 $6,300 $33,887
2014 $978 $34,900 $6,300 $28,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2246811

Las Vegas REALTORS®

APN: 139-26-310-026