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. The property will generate an annual income of approximately $54,000 at 100% occupancy. 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. Call to request Offering Memorandum with Rent Roll.
Listing Provided Courtesy of Simply Vegas
Property Details
Price:
$625,000
MLS #:
2561451
Status:
Active
Beds:
0
Baths:
0
Address:
718 West Wilson Avenue
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Las Vegas Orig Townsite 2nd Amd
City:
Las Vegas
Listed Date:
Feb 20, 2024
State:
NV
Finished Sq Ft:
2,288
ZIP:
89106
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1963
Schools
Elementary School:
,
Interior
Cooling
Central Air
Flooring
Ceramic Tile
Heating
Central, Electric
Laundry Features
Laundry Room
Exterior
Architectural Style
Fourplex
Construction Materials
Stucco
Exterior Features
Private Yard
Parking Features
Paved
Parking Spots
8
Roof
Pitched
Financial
Buyer Agent Compensation
2.5000%
Taxes
$918
Directions
From downtown Las Vegas head north east on City Parkway towards W. Carson Ave.
Turn left onto W. Bonanza Rd.
Turn right onto H St.
Turn right onto W. Wilson Ave.
Map
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Courtesy of Simply Vegas. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Las Vegas. Detailed information about real estate listings held by brokerage firms other than Charlie Coogle include the name of the listing broker. Neither the listing company nor Charlie Coogle shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Las Vegas. All rights reserved.
718 West Wilson Avenue
Las Vegas, NV
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