Address
512 S 11th Street, Las Vegas, NV
Price
$ 895,000
Property Attributes
  • MLS#2397001
  • TypeMulti-Family
  • CountyCLARK
  • CityLas Vegas
  • NeighborhoodPioneer Heights Add
  • Zip89101
  • StyleTriplex
  • Year Built1950
  • Taxes$ 873
  • Price$ 895,000
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2064
  • Lot Size6,970 SqFt
Data Source:
Greater Las Vegas MLS (GLVAR)
Property Description

An amazing opportunity to own a fantastic tri-plex in the heart of Downtown Las Vegas on the corner of 11th Street between Bonneville and Clark. This building is located within attorney’s row, the historic district, and minutes to the Arts District. This is a fully renovated property from the ground up with 2 Bedroom + 1 Bathroom upscale Class A units that are designed like mini houses. Each unit is 750 sq ft. Each unit has its own washer dryer in unit, private front and backyard and designated 2 car space in the gated / covered garage. This property has monthly income of $4,500 per month and is fully occupied. Each tenant pays $1,500, $1,500, $1,500. There is a waiting list for this property with potential tenants wanting to pay $2,400. Yearly expenses to operate the property are under $5,500 per year which includes Water, Power, Trash, Sewer, Wi-Fi, Property Taxes and Management Fee. Existing net cap rate is 5.4%. Once tenant’s leases expire rents will be raised to market price.

Price History
5/16/2022 Listed $895,000

General Features

Appliances Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood, Washer
Architectural Style Triplex
Association Amenities Storage, Cable TV
Construction Materials Stucco
Cooling Other
Exterior Features Private Yard
Finance Cash, Conventional, FHA
Heating Central, Electric
Interior Features Ceiling Fan(s)
Levels One
Listing Agent State License B.1001092
Lot Size Square Feet 6970
Property Condition Good Condition, Resale
Property Sub Type Additional Triplex
Property SubType Triplex
Property Type Residential
Roof Other
Sewer Public Sewer
Status Active
Stories 1
Structure Type Triplex
Subdivision Name Pioneer Heights Add
Total Units 3
Virtual Tour https://www.propertypanorama.com/instaview/las/2397001

Interior Features

Flooring Ceramic Tile
Heating Y/N Yes
Laundry Features Common Area, Washer Hookup, Dryer Hookup, Laundry Room

Exterior Features

Living Area 2064
Lot Size Acres 0.16
Lot Size Area 0.16
Lot Size Units Acres
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 89101

Price
AVG $640K
$900K
Taxes
AVG $915
$873
Visits
AVG 67
58
Year Built
AVG 1960
1950
Walkscore
AVG 70
87
Data Provided by Walkscore ® not using MLS data

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