Las Vegas Homes with Fourplex Bldg Desc

Las Vegas Homes with Fourplex Bldg Desc

Welcome to Las Vegas, Nevada – a vibrant city known for its dazzling nightlife, world-class entertainment, and stunning desert landscapes. Nestled in Clark County, Las Vegas is a city that never sleeps, offering an array of experiences that cater to everyone, from luxurious resorts and casinos to outdoor adventures and cultural attractions. With a population that embraces diversity and a spirit of innovation, Las Vegas is not just a destination; it’s a community where dreams come alive.

For those considering a unique investment opportunity, homes with fourplex buildings in Las Vegas present an exceptional choice. These properties are designed to accommodate four separate living units, making them ideal for investors looking to maximize rental income while enjoying the benefits of property ownership. With the city's booming real estate market and a steady influx of residents seeking affordable housing options, fourplex homes are in high demand.

Imagine owning a fourplex in a neighborhood that offers easy access to the Strip, local dining, and entertainment options, as well as family-friendly parks and schools. Whether you’re an experienced investor or a first-time buyer, these properties provide an excellent opportunity to build wealth while contributing to the vibrant fabric of Las Vegas.

Explore the charm and potential of fourplex homes in this dynamic city, where the possibilities are as limitless as the desert sky. With the right property, you can enjoy the benefits of passive income and become a part of the thriving Las Vegas community. Embrace the excitement of this iconic city and discover your next investment today!

Newest Las Vegas Homes with Fourplex Bldg Desc

$560,000
2805681 MLS 3,112 SqFt.
FULLY OCCUPIED LAS VEGAS FOURPLEX WITH IMMEDIATE IN-PLACE INCOME. Current scheduled rents of $1,150, $1,100, $1,150 and $1,150 generate a combined $4,550 per month and $54,600 annually. Offered at $560,000, the property provides a 9.75% gross rent yield, 10.26 GRM and a price of $140,000 per unit before operating expenses. The property features four 2-bedroom, 1-bath residences totaling approximately 3,112 square feet. Each residence offers a private entrance, central air, fireplace, functional kitchen, laundry accommodations and access to a secured community pool. An excellent opportunity for a seasoned investor, first-time multifamily buyer or qualified owner-occupant interested in living in one unit while collecting rental income from the others. Potential FHA or VA owner-occupant financing may be available, subject to existing leases, unit availability, appraisal, property eligibility, lender requirements and buyer qualification. Buyer to verify all rents, leases, deposits, HOA information, utilities, operating expenses, property condition, measurements and financing eligibility. This approach markets it to both groups without promising that FHA or VA financing will automatically work. FHA financing for a four-unit property has additional self-sufficiency requirements, while VA financing may permit a qualifying borrower to purchase up to four units when the property will serve as the borrower’s primary residence.

4708 Krissylouise Way, Las Vegas

$1,310,000
2801616 MLS 4,274 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1153 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $84,205, representing approximately a 6.4% cap rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

1153 Sierra Vista Drive, Las Vegas

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