3544 Sandcliff Ln Las Vegas, NV 89121

Property Details for 3544 Sandcliff Ln

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of five detached single-family rental homes located in Las Vegas and Henderson, Nevada. The portfolio comprises five properties situated at 3544 Sandcliff Ln, 4245 Seville St, 522 Crony Ave, 582 Grimsby Ave, and 2525 Kirkmichael Ln, with addresses spanning zip codes 89121 and 89014 within Clark County. Currently generating a Net Operating Income (NOI) of $103,735, representing a 3.93% capitalization rate, this portfolio offers significant value-add potential. A pro-forma NOI of $142,800 projects a 5.41% cap rate, indicating substantial upside through rent increases and/or property improvements. All properties are currently occupied by long-term tenants, three of whom are on month-to-month leases, with the remaining two transitioning to month-to-month agreements in February and August. The current rental rates are below market value, providing immediate opportunities for increased revenue. The properties are in good to fair condition, offering flexibility to renovate individual properties at a pace that suits the investor's strategy, allowing for phased improvements while maintaining existing tenant occupancy. This portfolio presents a compelling opportunity for investors seeking immediate cash flow with significant potential for long-term appreciation. The asking price for this multifamily investment is $2,065,000.