2508 E Mesquite AvenueLas Vegas, NV 89101

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.

Property Information

Property type

Residential

Sub-type

Multi Family

Style

Fourplex

Year built

1963

Living area

2,870 Sq Ft

Lot size

0.15 acres

Days on market

150

MLS^® Listing#

2789715

Property Features

Appliances

Refrigerator · Water Heater

Cooling

Central Air

Heating

Central · Electric

Flooring

Vinyl

Construction

Stucco

Roof

Composition · Flat · Shingle

Windows

Window Coverings · Blinds

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$1,661

Parcel number

139-36-114-005

Directions

From US-95 Exit North on Eastern, East(R) on Mesquite to Property on the South Side of Street.