2257 Exeter Dr Las Vegas, NV 89156
- Commercial real estate
- 3,692 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2257 Exeter Dr
- Year built
- 1983
- Property size
- 3,692 SF
- Property type
- Commercial real estate
- APN
- 140-23-115-002
Description
This exceptional fourplex in Las Vegas' desirable Sunrise Mountain area presents a compelling investment opportunity. The property boasts 3,692 square feet of living space, distributed across four spacious two-bedroom, two-bathroom units, each featuring a private laundry room. Two upstairs units have recently upgraded kitchens and flooring. Situated on a large 7,405 square foot lot, the property offers ample parking, including space for RV or vehicle storage. Current rents range from $1,250 to $1,350 per month, generating a solid 6.82% cap rate, projected to increase to 7.48% with a pro-forma NOI of $69,936. Recent improvements include a new roof and updated plumbing. Unit D is currently undergoing renovation, with completion expected by mid-September, and will command a rent of $1,400 per month upon completion. The property's prime location provides breathtaking city and strip views, a rare find in this area. Built in 1983, this one-story and two-story building is zoned for 3 to 4 units (32.140 - MF Res 3 to 4 Units. Fourplex), and the asking price is $699,999, or $174,999.75 per unit. This turnkey investment offers immediate income potential and strong long-term growth prospects. The property's address is 2257 Exeter Dr, Las Vegas, NV 89156, with APN 140-23-115-002.
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
- -115.0219945
- Latitude
- 36.1999521
