4708 Krissylouise WAY, Las Vegas, NV 89121
4708 Krissylouise WAY, Las Vegas, NV 89121
4708 Krissylouise WAY, Las Vegas, NV 89121
4708 Krissylouise WAY, Las Vegas, NV 89121
4708 Krissylouise WAY, Las Vegas, NV 89121
4708 Krissylouise WAY, Las Vegas, NV 89121
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$ 560,000
Est. payment | /mo

3,112 SqFt


$ 560,000
Est. payment | /mo

3,112 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,112 sqft

Price per Sqft $179

Subdivision Village At Karen

MLS Listing ID 2805681

Style Fourplex

Construction Status Good Condition,Resale

HOA Y/N Yes

Year Built 1984

Annual Tax Amount $2,489

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Multi Family

Property Description

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.

Location

State NV

County Clark

Direction Starting on Sahara Ave and Nellis Blvd, head south on Nellis Blvd and make a right on Vegas Valley Dr. Make another right on Mountain Vista St and another right on Brandonkane Ln. Make a left onto Jennydiane Dr and a right onto Tracylynn Ln. Turn left on Arondavid Dr and a right onto Krissylouise Wy. The property will be on the left.

Interior

Interior Features Window Treatments

Heating Central, Electric

Cooling Central Air

Flooring Luxury Vinyl Plank

Furnishings Unfurnished

Fireplace No

Window Features Blinds

Appliance Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood, Washer

Laundry Washer Hookup, Dryer Hookup

Exterior

Amenities Available Laundry, Maintenance Structure

Water Access Desc Public

Roof Type Composition,Shingle

Building

Story 4

Sewer Public Sewer

Water Public

Construction Status Good Condition,Resale

Schools

Elementary Schools ,

Others

HOA Fee Include Maintenance Grounds,Sewer,Trash

Tax ID 161-08-510-009

Security Features Gated Community

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/las/2805681

Las Vegas Realtors IDX
Listed by Christopher R. Palou • Sphere Real Estate

NEARBY SCHOOL & BUSINESS

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4708 Krissylouise WAY