718 W Wilson Ave is a well-maintained, garden-style fourplex in the Historic Westside, part of the Vision 2045 Downtown Las Vegas Master Plan and a designated Opportunity Zone. This single-story property has new windows, a water heater, and central AC units, plus a gated courtyard for added privacy.
Located near downtown Las Vegas with easy freeway access, the property has long-term tenants and low operating expenses, generating $52,152 in annual rent:
• Unit 1: $1,000/mo – Lease through 10/31/24
• Unit 2: $1,476/mo – Lease through 11/30/25
• Unit 3: $995/mo – Lease through 1/31/25
• Unit 4: $875/mo – Lease through 11/30/24
Additional income potential exists from laundry, storage leasing, and RUBs. Property taxes are only $918 per year. Asking price: $585,000 with a 7% actual CAP rate. Contact us for the Offering Memorandum, 3D tour and Rent Roll.
Located near downtown Las Vegas with easy freeway access, the property has long-term tenants and low operating expenses, generating $52,152 in annual rent:
• Unit 1: $1,000/mo – Lease through 10/31/24
• Unit 2: $1,476/mo – Lease through 11/30/25
• Unit 3: $995/mo – Lease through 1/31/25
• Unit 4: $875/mo – Lease through 11/30/24
Additional income potential exists from laundry, storage leasing, and RUBs. Property taxes are only $918 per year. Asking price: $585,000 with a 7% actual CAP rate. Contact us for the Offering Memorandum, 3D tour and Rent Roll.
Listing Provided Courtesy of Simply Vegas
Property Details
Price:
$585,000
MLS #:
2616436
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:
Sep 12, 2024
State:
NV
Finished Sq Ft:
2,288
Total Sq Ft:
2,288
ZIP:
89106
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1963
Units:
4
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
Alley Access, Paved
Parking Spots
8
Roof
Pitched
Financial
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
Contact Us
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