718 West Wilson Avenue Las Vegas NV 89106 MLS #2616436

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Unlock Financial Freedom with This House Hack Opportunity! Step into real estate investing with this well-maintained, garden-style fourplex at 718 W Wilson Ave generates $4,346 in rental income, producing a 7.7% CAP rate. With just 5% down using an owner-occupant loan, you can achieve an incredible 31% cash-on-cash return while your tenants cover your mortgage. The property pays for itself, builds appreciation, and lets you live rent-free! Located in the Historic Westside—part of the Vision 2045 Downtown Las Vegas Master Plan and an Opportunity Zone—it features new windows, a water heater, central AC, and a gated courtyard. Long-term tenants, low expenses, and extra income potential (laundry, storage, RUBs) add to its value. 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.

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718 West Wilson Avenue
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