NEW - No Headaches! - Fully rented 12 units - NICE!
$2,500,000
100 East 1st South Street, Mesquite, NV 89027
4.9
Cap Rate
122,505
NOI
Details:
Description:
12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to
everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking.
New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses
4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow
increases. Could self manage at expiration of current management agreement with ERA Brokers and
bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management.
100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking,
and off the main streets for a quieter location than many. Still room to improve it more. Picture adding
security gates, carports, or a pool area or other recreational amenities. Incredible investment
opportunity! Please do not disturb tenants.
Documents:
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flyer.pdf
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Location
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