2225 Jones Blvd Las Vegas, NV 89108
- Commercial real estate
- 3,976 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2225 Jones Blvd
- Year built
- 1984
- Property size
- 3,976 SF
- Property type
- Commercial real estate
- APN
- 138-24-117-013
Description
This well-maintained fourplex in Las Vegas, NV, presents a compelling investment opportunity. Built in 1984 and renovated in 2022, the property boasts 3,976 square feet and features four spacious units, each with two bedrooms, two bathrooms, a separate dining room, upgraded flooring, a brick fireplace, and a private laundry room with washer/dryer. Security features include storage closets with secure doors and a Ring security system. Exterior amenities include gated entries, a rear parking lot, and a large walled side yard. The property sits on a 7,405 sq ft lot and offers 8 parking spaces. Currently operating at 100% occupancy, with rents ranging from $1,120 to $1,500 per month, the property generates a Net Operating Income (NOI) of $47,500, resulting in a 5.94% cap rate and a pro-forma cap rate of 6.57%. The asking price is $799,900, or $199,975 per unit. The property is zoned MF RES 4 UNITS. FOURPLEX and is ideally located in the desirable northwest submarket adjacent to Summerlin. This stabilized, residential rental investment offers both immediate returns and long-term value. The property is classified as Class B and is suitable for a 1031 exchange. Financial information includes a pro-forma NOI of $52,585.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.22317339498
- Latitude
- 36.199931607401
