NOT LISTED FOR SALE

Estimated Value: $589,000 - $775,000

8 Beds
4 Baths
3,350 Sq Ft
$200/Sq Ft Est. Value

Last Sold March 21, 2023

Last sale price $580,000 $173 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,812/month

39 Days on Market

Highlights

  • 0.35 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Private Yard
  • Tile Flooring
  • Ceiling Fan

About This Home

As of March 2023

Well maintained Fourplex on a .35ac lot, only a few blocks from Las Vegas Blvd, has R-4 zoning, and a great development opportunity. This property is a dream come true for multiple investment strategies i.e., buy and hold, or develop. NO HOA, NO SECTION 8. All units are fully occupied and are 2 bed/1bath with stable cash flow of $3,490/mo - with room to raise rents and tenants pay their own utilities. Recent upgrades include a brand-new roof placed in October 2022, one brand new A/C and building was painted a little over a year ago. There are two utility rooms (one per floor) that have washer and dryer hookups installed as well. Don't let this amazing opportunity pass you by!

Last Agent to Sell the Property

Lori Davidge

Flat Fee Pros Brokerage Phone: 702-695-2500 License #S.0180737 Listed on: 01/10/2023

Last Buyer's Agent

Tiffany Kekhaial

Simply Vegas License #BS.0146367

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,228

Year Built

  • Built in 1963

Lot Details

  • 0.35 Acre Lot
  • Private Yard
  • Property is in average condition

Home Design

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

Interior Spaces

  • 3,350 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, water

Community Details

Overview

  • No Home Owners Association
  • Mount Vernon Estate Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Maintenance Expense $2,000
  • Professional Management Expense $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,228

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Professional Management Expense: 3600.0
  • Subdivision Name: Mount Vernon Estate
  • Directions: I15 North, Exit Washington, turn right onto 1st street to address.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Attribution Contact: 702-695-2500
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1963

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
  • Flooring: Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3350.0
  • Window Features: Blinds

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Stucco, Wood Frame
  • Exterior Features: Private Yard
  • Property Condition: Average Condition, Resale
  • Roof: Flat

Garage/Parking

  • Parking Features: Other

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 600.0

Condo/Co-op/Association

  • Association: No

Schools

Lot Info

  • Lot Size Sq Ft: 15246.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 41880.0
  • Insurance Expense: 2300.0
  • Maintenance Expense: 2000.0
  • Annual Operating Expense: 10328.0

Tax Info

  • Tax Annual Amount: 1228.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Mar 17, 2023
Sold by
Moshkovich Nina
Bought by
Rojas Juan Antonio
Seller's Agent
Lori Davidge
Flat Fee Pros
Buyer's Agent
Tiffany Kekhaial
Simply Vegas
List Price
$650,000
Sold Price
$580,000
Premium/Discount to List
-$70,000
-10.77%
Current Estimated Value
$669,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,338
Avg. Annual Appreciation
6.25%
Original Mortgage
$406,000
Outstanding Balance
$394,080
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$276,281

Purchase Details

Listed on
Aug 11, 2021
Closed on
Nov 2, 2021
Sold by
Lifecap Nevada 1 Llc
Bought by
Moshkovich Nina
Seller's Agent
Jim Carmona
Maxim Realty
Buyer's Agent
Joe Cervantes
Signature Real Estate Group
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%

Purchase Details

Listed on
Aug 11, 2021
Closed on
Sep 15, 2021
Sold by
State Trustee Services Llc
Bought by
Lifecap Nevada 1 Llc
Seller's Agent
Jim Carmona
Maxim Realty
Buyer's Agent
Joe Cervantes
Signature Real Estate Group
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%

Purchase Details

Closed on
Nov 26, 2018
Sold by
Jackson Duncan
Bought by
State Trustee Services Llc and The 918 North 1St Street Land Trust

Purchase Details

Listed on
Apr 29, 2013
Closed on
Aug 27, 2013
Sold by
Jackson Lisa
Bought by
Jackson Duncan C
Seller's Agent
Michelle Manley
Award Realty
Buyer's Agent
Michelle Manley
Award Realty
List Price
$140,000
Sold Price
$137,200
Premium/Discount to List
-$2,800
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.22%
Original Mortgage
$96,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2011
Closed on
Apr 3, 2012
Sold by
Jam Properties International Llc
Bought by
Lv Opportunities Fund Llc
Seller's Agent
Mark Pessin
Realty ONE Group, Inc
Buyer's Agent
Michelle Manley
Award Realty
List Price
$119,900
Sold Price
$117,000
Premium/Discount to List
-$2,900
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Apr 12, 2010
Sold by
Ragsag Rodolfo B and Ragsag Nenita D
Bought by
Jam Properties International Llc

Purchase Details

Closed on
Nov 21, 2008
Sold by
Ragsag Rodolfo B and Ragsag Nenita D
Bought by
Marjohomes & Investments Llc

Purchase Details

Closed on
Mar 24, 2007
Sold by
Riego Frank Q
Bought by
Ragsag Rodolfo B and Ragsag Nenita D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.29%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2004
Sold by
Riego Rosalinda
Bought by
Riego Frank Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,165
Interest Rate
7.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2004
Sold by
Vittayarnkskul Lang Lim
Bought by
Riego Frank Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,165
Interest Rate
7.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2000
Sold by
Vittayarukskull Charden
Bought by
Vittayarukskull Lang Lim
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
Rojas Juan Antonio $580,000 Fidelity National Title
Moshkovich Nina $540,000 First American Title Insu
Lifecap Nevada 1 Llc -- None Available
State Trustee Services Llc -- None Available
Jackson Duncan C -- Nevada Title Las Vegas
Jackson Duncan C $137,200 Nevada Title Las Vegas
Lv Opportunities Fund Llc $117,000 National Title Company
Jam Properties International Llc $82,800 None Available
Marjohomes & Investments Llc -- None Available
Ragsag Rodolfo B $360,000 Fidelity National Title
Riego Frank Q -- Ticor Title Of Nevada Inc
Riego Frank Q $224,900 Ticor Title Of Nevada Inc
Vittayarukskull Lang Lim -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rojas Juan Antonio $406,000
Previous Owner Moshkovich Nina $315,000
Previous Owner Jackson Duncan C $96,000
Previous Owner Ragsag Rodolfo B $288,000
Previous Owner Riego Francisco Q $235,000
Previous Owner Riego Frank Q $191,165
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2023 03/21/23 Sold $580,000 -10.8% $173 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $650,000 +20.4% $194 / Sq Ft
11/04/2021 11/04/21 Sold $540,000 +2.9% $161 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $525,000 +282.7% $157 / Sq Ft
09/06/2013 09/06/13 Sold $137,200 -2.0% $41 / Sq Ft
08/07/2013 08/07/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $140,000 +19.7% $42 / Sq Ft
04/27/2012 04/27/12 Sold $117,000 -2.4% $35 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
10/17/2011 10/17/11 For Sale $119,900 -- $36 / 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 $1,772 $77,410 $45,500 $31,910
2024 $1,326 $77,410 $45,500 $31,910
2023 $1,326 $80,440 $52,500 $27,940
2022 $1,228 $60,967 $35,000 $25,967
2021 $1,138 $53,881 $29,750 $24,131
2020 $1,053 $47,494 $23,800 $23,694
2019 $987 $42,600 $19,600 $23,000
2018 $942 $37,488 $15,750 $21,738
2017 $1,181 $36,028 $14,700 $21,328
2016 $883 $31,446 $10,500 $20,946
2015 $880 $27,199 $7,000 $20,199
2014 $853 $26,464 $7,000 $19,464
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2465020

Las Vegas REALTORS®

APN: 139-27-710-004