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    2101 Sun Ave North Las Vegas, NV 89030

    For Sale
    $655,000

    Well-maintained fourplex with recent upgrades and strong rental demand.

    Lot size:
    0.15 Acres

    Property Features for 2101 Sun Ave

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    2003

    Source: Simply Vegas Agent Catherine Hyde

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Las Vegas Fourplex Investment

    This well-maintained fourplex, constructed in 2003, is located in North Las Vegas. The property has 3,869 square feet of living space and sits on a 0.15-acre lot. It features a unit mix of one 3-bed/2-bath unit, two 2-bed/2-bath units, and one 2-bed/1-bath unit. Each unit includes an in-unit washer/dryer and ceramic tile flooring throughout. The property offers both private and street parking. Recent capital improvements totaling over $27,000 include HVAC upgrades, bathroom remodels, new appliances, roof resealing, and balcony/stucco repairs. The property has long-term tenants and no HOA. Located in a growing submarket with strong rental demand, this asset offers a projected pro forma CAP rate of 8.44% and is an ideal opportunity for investors seeking turnkey cash flow and long-term appreciation.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.119996
    Latitude
    36.221363

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex with recent upgrades and strong rental demand.
    Where is this quadplex located?
    The property is located at 2101 Sun Ave North Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $655,000.
    What are key features of this property?
    This property features: - Turnkey Class B Fourplex built in 2003, offering immediate cash flow.; - Actual 5% CAP rate with potential to increase to a projected 8.44% pro forma CAP.; - Recent $27,000+ in capital improvements including HVAC, bathroom remodels, appliances, and roof resealing.
    (702) 408-2289
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    2101 Sun Ave North Las Vegas, NV 89030
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    North Las Vegas, NV 89030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2101 Sun Ave North Las Vegas, NV 89030
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