4722 Thunderbolt Ave Las Vegas, NV 89115
- Commercial real estate
- 3,604 SF
- 0.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4722 Thunderbolt Ave
- Year built
- 1984
- Lot size
- 0.19 lot acres
- Property size
- 3,604 SF
- Property type
- Commercial real estate
- APN
- 140-05-710-054
Description
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 4722 Thunderbolt Ave, Las Vegas, NV 89115. Built in 1984 and boasting a desirable RM32 zoning, this stabilized property offers a compelling return on investment with a 5.94% cap rate and a current NOI of $42,501. The 3,604 square foot building sits on a 0.19-acre lot and features a mix of unit sizes: two spacious three-bedroom, two-bathroom units and two efficient one-bedroom, one-bathroom units. Each unit is currently occupied, ensuring immediate cash flow. Beyond the residential units, the property includes four convenient storage rooms, an on-site laundry facility for tenant use, and ample parking with seven spaces. Recent exterior and interior renovations have enhanced the property's appeal and functionality. The asking price is $714,999, translating to $178,749.75 per unit and $198.39 per square foot. This turnkey investment is ready for a new owner to continue its success. The property's strong performance, desirable location, and attractive unit mix make it an ideal addition to any investment portfolio. Detailed unit photos are available. The property's APN is 140-05-710-054. This is a seller-financed opportunity.
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
- -115.0706472
- Latitude
- 36.2383559
