ActiveCommercial · sale

1215 Rawhide Street

Las Vegas, NV 89119

$895,000

  • 4,000 sq ft
  • 9583 acres
  • Built 1984

Listed by Executive Realty Services · MLS #2818429

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1215 Rawhide Street, Las Vegas, NV 89119 · MLS #2818429

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A FEW THINGS TO NOTICE

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Year built

Built in 1984.

Property size

9,583 acres listed.

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

THE PROPERTY

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Excellent Investment Opportunity! Fully furnished, turnkey 4-plex with no HOA! Built in 1984 & fully renovated in 2017, with numerous interior & exterior improvements over time. Newer, double-pane windows. Pitched tile roof. Fully fenced, secure yard with durable block walls. No deferred maintenance! *** Each 1,000-sqft apartment features a spacious 2-bedroom, 2-bathroom layout. All units were extensively renovated with updated flooring, remodeled bathrooms & modern kitchens with updated cabinets, countertops & appliances. Each unit includes its own dedicated laundry closet with a washer/dryer, plus individual storage space outside the unit. *** High 6.45% CAP rate with low property taxes & operating expenses! Well-maintained 4-plex with strong rental income & a proven occupancy history. All 4 units are fully furnished, offering flexibility for long-term, mid-term, or short-term rental strategies. One unit is available for owner occupancy or lease-up. The remaining 3 units are occupied by reliable long-term tenants with staggered lease expirations, providing immediate cash flows. *** Great location! Right by Russell Rd. and Maryland Pkwy, the property sits on a desirable corner lot directly adjacent to Siegfried & Roy Park, with select units offering views of the Las Vegas Strip. Prime location with fast access to the Strip, airport, major freeways, UNLV, shopping, dining, and schools. *** Positioned in a high-demand rental area with convenient access to major employment, retail, and transportation corridors, the property provides excellent opportunity for traditional investors, STR operators, or owner-occupants seeking a turnkey income-producing asset with stable income, updated units and long-term growth potential. *** A detailed list of property improvements is available upon request. Buyer & buyer's agent to verify all information, square footage, zoning, short-term rental licensing/compliance, rental income, and financials. DO NOT DISTURB TENANTS.

THE NEIGHBORHOOD

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1215 Rawhide Street, Las Vegas, NV 89119

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LOCAL MARKET CONTEXT

Las Vegas housing market

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12-month price trend$444,471Up 0.2% vs. the previous 12 months
Months of supply4.312-month average
Days on market4712-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Multiple Dwelling
Category
Commercial
Year built
1984
Cooling
Central
Heating
Central
Flooring
Carpeting,Luxury Vinyl Plank,Wood
Subdivision
Airport
Parcel
162-26-401-001
Annual property tax
$2,870.00
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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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #2818429 · Las Vegas Realtors

Listing brokerage: Executive Realty Services
Listing agent: Chao Cong

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

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