Fully occupied 4-plex in gated Village At Karen- immediate cash flow with real upside. Current leases total $4,257/month ($51,084/year). Units A & B are currently ~$150 below market at $928.50 each through 12/31/2026; Units C & D are at $1,250 and $1,150 through 3/31/2027. Community average rents are ~$1,075–$1,200. Bringing the below-market units to market would push annual income to roughly $55,000–$58,000. HOA covers grounds, sewer, trash, exterior, and community pool/playground — lower operating expenses. All 2 bed/1 bath units with W/D hookups, central A/C, public utilities, open parking. Strong in-place income with clear rent upside. Appointment only.
Property Details
Price:
$529,000
MLS #:
2826648
Status:
Active
Beds:
8
Baths:
4
Type:
Single Family
Subtype:
SingleFamilyResidence
Subdivision:
Village At Karen
Listed Date:
Oct 13, 2026
Finished Sq Ft:
3,168
Total Sq Ft:
3,168
Lot Size:
1,742 sqft / 0.04 acres (approx)
Year Built:
1995
Schools
Elementary School:
Dearing, Laura,Dearing, Laura
Middle School:
Mack Jerome
High School:
Chaparral
Interior
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Washer
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Electric
Fireplaces Total
1
Flooring
Carpet
Heating
Central, Electric
Interior Features
Bathroomon Main Level, Bedroom On Main Level, None
Laundry Features
Electric Dryer Hookup, Laundry Room
Exterior
Architectural Style
Two Story
Association Amenities
Gated, Playground, Pool, Spa Hot Tub
Direction Faces
South
Exterior Features
Balcony
Fencing
None
Lot Features
Desert Landscaping, Landscaped, Trees, Less Than Quarter Acre
Open Parking YN
1
Parking Features
Assigned, Open, One Space, Uncovered, Guest
Patio And Porch Features
Balcony
Roof
Composition, Pitched, Shingle
Security Features
Controlled Access, Gated Community
Stories
2
Financial
HOA Fee
$230
HOA Fee Frequency
Monthly
HOA Includes
AssociationManagement,MaintenanceGrounds,RecreationFacilities,Taxes
HOA Name
village at Karen
HOA Phone
702-433-0149
Taxes
$3,118
Directions
From Sahara Ave, turn right on Lamb Blvd, then right on Vegas Valley Dr. Turn left into the gated Village At Karen community on the right. Property is on Krissylouise Way. Call Christopheer for gate code and appointment.
Map
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