4775 Lucite Ln Las Vegas, NV 89115

Property Details for 4775 Lucite Ln

Year built

1984

Lot size

0.27 lot acres

Property size

3,604 SF

Property type

Commercial real estate

APN

140-05-710-071

Description

This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 4775 Lucite Ln, Las Vegas, NV 89115. The property, built in 1984 and boasting a desirable RM32 zoning, sits on a 0.27-acre lot (APN 140-05-710-071). The building comprises 3,604 square feet of net rentable space, currently achieving 100% occupancy, generating a strong Net Operating Income (NOI) of $39,960, and a 5.59% capitalization rate. The asking price is $714,999, translating to $178,749.75 per unit and $198.39 per square foot. The building features a mix of unit sizes: two three-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. Convenient amenities include four individual storage rooms, an on-site laundry facility, and seven parking spaces. The property has undergone both interior and exterior renovations, ensuring its excellent condition and appeal to tenants. This stabilized investment offers a compelling return on investment in a thriving Las Vegas market. Financial records are available upon request. This is a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation. The property's strong occupancy rate and consistent income stream make it an attractive addition to any portfolio.