ActiveCommercial · sale

126 E First St N

Mesquite, NV 89027

$720,000

  • 8 beds
  • 4 baths
  • 3,080 sq ft
  • 0.22 acres
  • Built 1988

Listed by Prime Properties Mesquite · MLS #1127515

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1988.

Property size

0.22 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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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 $1000-1200/mo. Similar units are renting in the $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. Sewer/Trash $125/mo, Water $286/mo, Power individually metered to tenants, Insurance $2600/y.

THE NEIGHBORHOOD

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126 E First St N, Mesquite, NV 89027

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THE DETAILS

The details, all in one place.

Property type
Multi Family
Category
Commercial
Year built
1988
Full baths
0
Half baths
0
Cooling
Central Air, Electric, Heat Pump
Heating
Electric, Heat Pump
Appliances
Dishwasher, Freezer, Garbage Disposal, Refrigerator, W/D Hookups, Washer & Dryer, Water Heater- Electric, Oven/Range, Oven/Range- Electric
Utilities
Cable T.V., Water Source: City/Municipal, Sewer: Hooked-up, Garbage Collection, Power Source: City/Municipal
Subdivision
None (No Subdivision)
Zoning
Multi-Family, Residential
Elementary school
Bowler
Middle school
Charles A. Hughes
High school
Virgin Valley
Annual property tax
$2,130.00
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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126 E First St N, Mesquite, NV 89027 · MLS #1127515

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Listing information

MLS #1127515 · Mesquite Real Estate Association

Listing brokerage: Prime Properties Mesquite
Listing agent: E. Shaun Caldwell

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Mesquite MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.