2508 E Mesquite Avenue, Las Vegas, NV 89101

$675,000
2,870
SqFt

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List Price
$675,000
Status
ACTIVE
MLS#
2789715
Living Area
2,870
Lot Size
6,534

Property Description

Three of four units occupied and generating $3,850/month in rental income! This updated fourplex offers investors immediate cash flow with additional upside through lease-up of the remaining available unit. Major capital improvements have already been completed, including brand-new building-wide plumbing (2024), updated water heaters, renovated bathrooms in all four units, updated windows, and luxury vinyl plank flooring in three units—allowing the next owner to focus on growing returns rather than tackling major repairs. The property features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with separately metered electric service to help minimize owner expenses. A spacious courtyard-style layout, ample parking, and a convenient location near Downtown Las Vegas, the Arts District, shopping, dining, public transportation, and major employment centers make this an attractive property for tenants. Whether you're expanding your portfolio or completing a 1031 exchange, this is a rare opportunity to acquire an income-producing asset with major improvements already in place and room for future growth.

Additional Information

Subdivision
Artesian Acres
Zip
89101
Elementary School 3-5
Living Area
2,870
Flooring
Luxury Vinyl Plank
Lot Size
6,534
Acres
0.15
Property Condition
Good Condition
Interior Features
Window Treatments
Heating
Central, Electric
Cooling
Central Air
Construction
Stucco
Year Built
1963
Bldg Desc
Fourplex
Heating
Central, Electric
Cooling
Central Air
Appliances
Refrigerator, Water Heater
Sewer
Public Sewer
Community Features
None
Annual Taxes
$1,661

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Calculator source: Real Geeks

Courtesy of Deshawn L. Williams with Realty ONE Group, Inc.

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