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Bruce Kang, Broker
2508 E Mesquite Avenue, Las Vegas, NV 89101
- $675,000
- 2,870
- SqFt
- List Price
- $675,000
- Status
- ACTIVE
- Days on Market
- 134
- MLS#
- 2789715
- Subtype
- Residential
- Style
- Fourplex
- Architectural Style
- Fourplex
- Year Built
- 1963
- Living Area
- 2,870
- Lot Size
- 6,534
- Acres
- 0.15
- Subdivision
- Artesian Acres
Property Description
Three of four units occupied and generating $3,850/month in rental income! This updated fourplex offers investors immediate cash flow with additional upside through lease-up of the remaining available unit. Major capital improvements have already been completed, including brand-new building-wide plumbing (2024), updated water heaters, renovated bathrooms in all four units, updated windows, and luxury vinyl plank flooring in three units—allowing the next owner to focus on growing returns rather than tackling major repairs. The property features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with separately metered electric service to help minimize owner expenses. A spacious courtyard-style layout, ample parking, and a convenient location near Downtown Las Vegas, the Arts District, shopping, dining, public transportation, and major employment centers make this an attractive property for tenants. Whether you're expanding your portfolio or completing a 1031 exchange, this is a rare opportunity to acquire an income-producing asset with major improvements already in place and room for future growth.
Additional Information
- Interior Features
- Window Treatments
- Taxes
- $1,661
- Property Description
- Fourplex
- Appliances
- Refrigerator, Water Heater
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Stories
- 1
- Levels
- One
Listing courtesy of Listing Agent: Deshawn L. Williams () from Listing Office: Realty ONE Group, Inc.