8 unit plex for sale by owner. Property is half commercial and half residential. Seven of the eight units are currently rented out and currently bringing in over $35k per year net profit with an 8.9% cap rate. The best part is, rents are currently below market so you could easily walk in, raise the rents to market rates and instantly increase your profits and cap rate! Building is solid concrete block and the roof is under three years old (still under warranty). Most tenants are long term, repairs are minimal (paint, carpet, a couple appliances) This is wonderful opportunity to own a great income producing property in the Las Vegas vicinity at a below market rate! Hurry, this won't last long!! Cash deal only. If you're serious and can close fast, contact me for a detailed spreadsheet of all the financial information. Asking $399,000. Cash buyers only, no agents. Thanks!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
