718 W Wilson Avenue, Las Vegas, Clark County, NV, 89106 Las Vegas NV US

USD 625000 For Sale
MLS: 2507235

Property Details

Bedrooms

2

Bathrooms

2

Neighborhood

Marble Manor

Property Type

Residential

Description

718 Wilson is a well-maintained *Opportunity Zone* fourplex, garden style, single-story units. Recently updated with newer windows, water heater, and central air conditioning units. The property has long-term tenants and a convenient location in the central Las Vegas submarket, near downtown and with easy freeway access. The property has recently been gated and enclosed, creating a courtyard environment. A two-minute drive from Jackson Avenue, which offers a vibrant mix of new restaurants, lounges, and public exhibits. Currently, the property will generate an annual income of approximately $51,000. There is a forthcoming vacancy that will be marketed at the prevailing market rate of $1,212 to attract a new tenant. Operating expenses for the property are low. There are opportunities to increase income by utilizing the laundry room area with machines, leasing out the storage room, and implementing (RUBs) to offset utility expenses. Property taxes are only $918 per year. Find out more about this property. Request details here

Location

Address

718 West Wilson Avenue, Las Vegas, Nevada 89106, United States

City

Las Vegas

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Real Estate Broker
Catherine Hyde
Top Tags
Las Vegas NV US Las Vegas submarket
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