HUGE fenced in lot with room to build. Cap rate of 10. Nicely remodeled, all brand new windows, paint inside and out, extremely low maintenance tenants, Lot size is big enough for fourplex construction. Located near freeway access and the Las Vegas strip. Brings in $1752 in rent currently
Off market
Zestimate®
$299,200
703 Madison Ave, Las Vegas, NV 89106
--beds
0baths
768sqft
MultiFamily
Built in 1955
-- sqft lot
$299,200 Zestimate®
$390/sqft
$1,263 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric
Cooling
- Central
Appliances
- Included: Refrigerator
Features
- Flooring: Tile
Interior area
- Total interior livable area: 768 sqft
Property
Features
- Exterior features: Stucco
- Frontage length: 50
Lot
- Size: 7,405 sqft
Details
- Parcel number: 13927210036
Construction
Type & style
- Home type: MultiFamily
Materials
- masonry
- Roof: Composition
Condition
- Good
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Las Vegas
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $20 monthly
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Tile
- Appliances: Refrigerator
- Heating: Electric, Central
- HeatingYN: true
- CoolingYN: true
- ConstructionMaterials: Block
- PropertyCondition: Good
- CurrentFinancing: Conventional, FHA, VA, Cash
- NumberOfUnitsInCommunity: 2
- FrontageLength: 50
- NumberOfBuildings: 1
- PublicSurveySection: 27
- Cooling: Central Air
- Roof: Composition Shingle
- OperatingExpense: 3942
- YearBuiltDetails: Resale
- PublicSurveyTownship: 20
- MapCoordinate: A3
- PublicSurveyRange: 61
- CurrentUse: 120-Res-Duplex
- NumberOfUnitsTotal: 2-Duplex
- MlsStatus: Active
- CapRate: 10.0100
- NetOperatingIncome: 21024
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Estimated market value
$299,200