RARE!!! -- 4 Units Recently Renovated -Great Central Mesquite Location -- Walking Distance to Everything
$789,000
126 East 1st North Street, Mesquite, NV 89027
6.6
Cap Rate
7.8
Pro Forma Cap Rate
Details:
Highlights:
- renovated 2023 to 2025 including LVP flooring, new paint, new appliance including some Washer/dryers and new storage sheds
- great central mesquite location walk to parks, schools, shopping, restaurants, casinos & More
- Add more amenities to add value and increase rents & tenant quality -- great location
Description:
Opportunity is knocking!!! Great investment property as is or significant potential for upgrading & increasing rate of return. As is, market rents of $1150/mo counting owner expenses should pick up a net cap rate of approx 6.6%. With upgrades like gating, carports, patios, or other amenities, could raise the cap rate potentially to as much as 7.8% range. 4 units recently updated with new paint, floor, counters, appliances, including some washer/dryers, new storage units, and more. Steadily renting at $1050-1150/mo. Other similar units are renting for $1200/mo. range. Small enough to self manage. Nice enough for the right person to live in one and rent the other 3 for income. Each unit is 2 Br, 1 Ba, approx 770 sf. Great central location to parks, schools, College of Southern Nevada Mesquite Campus, library, community rec center, shopping, casinos, and much more. So do you hear opportunity knocking? Open the door and bring it in! Call Shaun now at 702-701-3326 to take advantage of this rare Mesquite NV opportunity!
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