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$585,000

Est. payment - /mo

2,288 SqFt

Active

718 W Wilson AVE Las Vegas, NV 89106

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Yolanda McNamara

yolanda.mcnamara@gmail.com +1(702) 401-9031

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,288 sqft

Price per Sqft $255

Subdivision Las Vegas Orig Townsite 2Nd Amd

MLS Listing ID 2616436

Style Fourplex

Construction Status Resale,Very Good Condition

HOA Y/N No

Year Built 1963

Annual Tax Amount $918

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Multi Family

Property Description

Unlock Financial Freedom with This House Hack Opportunity! Step into real estate investing with this well-maintained, garden-style fourplex at 718 W Wilson Ave generates $4,346 in rental income, producing a 7.7% CAP rate. With just 5% down using an owner-occupant loan, you can achieve an incredible 31% cash-on-cash return while your tenants cover your mortgage. The property pays for itself, builds appreciation, and lets you live rent-free! Located in the Historic Westside—part of the Vision 2045 Downtown Las Vegas Master Plan and an Opportunity Zone—it features new windows, a water heater, central AC, and a gated courtyard. Long-term tenants, low expenses, and extra income potential (laundry, storage, RUBs) add to its value. Contact us for the Offering Memorandum, 3D tour, and Rent Roll

Location

State NV

County Clark

Direction From downtown Las Vegas head north east on City Parkway towards W. Carson Ave. Turn left onto W. Bonanza Rd. Turn right onto H St. Turn right onto W. Wilson Ave.

Interior

Interior Features Storage

Heating Central, Electric

Cooling Central Air

Flooring Ceramic Tile

Furnishings Unfurnished

Fireplace No

Laundry Laundry Room

Exterior

Exterior Feature Private Yard

Parking Features Alley Access, Paved

Water Access Desc Public

Roof Type Pitched

Total Parking Spaces 8

Building

Sewer Public Sewer

Water Public

Level or Stories One

Construction Status Resale,Very Good Condition

Schools

Elementary Schools ,

Others

Tax ID 139-27-310-059

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://my.matterport.com/show/?m=gPpX5aRKfMg&mls=1

Listed by Catherine Hyde • Simply Vegas