Penny Johnson
(702) 524-8013
(702) 524-8013
BEDS0
BATHS
SQUARE FEET3,008
MLS#2727547
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONArrowhead Acres Tr
Property Description
Stabilized Cash Flow with Significant Value-Add Potential. This fully occupied single-story fourplex offers investors immediate income with an in-place 6.21% cap rate and an estimated 8.57% pro forma cap rate through continued rental optimization. The property consists of four spacious 2-bedroom, 1-bath units and has undergone extensive capital improvements designed to reduce future maintenance costs, including a new roof (2020), 100-gallon water heater (2023), gas line replacement (2024), commercial coin-operated laundry equipment (2025), remodeled kitchens, upgraded plumbing, serviced HVAC systems, and dual-pane windows. Residents enjoy private fenced yards, exterior storage, ample on-site parking, and shared laundry facilities that enhance tenant satisfaction and retention. Located in an established North Las Vegas rental market with convenient access to major employment centers, shopping, schools, and transportation, this professionally maintained asset offers a compelling combination of stable cash flow, reduced deferred maintenance, and long-term appreciation potential.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Home Style: Fourplex
Lot Size: 0.19 Acres
Roof Type: Flat
Stories: 1.0
Taxes: $1,167
Year Built: 1963
Amenities
Storage
Feature Descriptions
Appliances: Oven, Range, Refrigerator
Days on Site: 252
Exterior: Stucco, Wood Frame
Flooring: Luxury Vinyl Plank, Tile
Laundry: Common Area, Laundry Room
Parcel#: 139-24-110-260
Sewer: Public Sewer
Units: 4
Water: Public
Local Schools
Elementary School: ,
Listed By / Shown By
Listed By
Agency Name: Simply Vegas
Agency Contact: (702) 408-2289
Agent Name: Catherine Hyde
Shown By
Agent Name: Penny Johnson
Agent Phone: (702) 524-8013
Agency Title: Wardley Real Estate
Estimate Your Payment
Estimated Payment
$ 2,810.05 per month $2,520.33 Principal & Interest $97.25 Property Tax $192.47 Homeowner's InsuranceChange Payment Information
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2252 Ellis Street | MLS# 2727547
This multi-family property located at 2252 Ellis Street, North Las Vegas, NV 89030 is currently listed for sale with an asking price of $659,888. Search North Las Vegas real estate on pennyjohnson.wardleyre.com today.