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$1,800,000
2803671 MLS 5,760 SqFt.
"6-Unit Cash-Flowing Apartment Property with Approved Expansion Opportunity to 12 Units!" Rare Value-Add Multifamily Investment Opportunity! This exceptional offering includes two parcels: an income-producing 6-unit apartment property plus the adjacent vacant lot, creating a unique opportunity to expand an already performing asset. The existing improvements consist of two triplex buildings featuring six spacious 2-bedroom, 2-bath units, all currently occupied by tenants placed through HopeLink of Southern Nevada. Included in the sale are architectural plans (see photos) for the construction of two additional triplex buildings, increasing the property's potential from 6 units to 12 units. The proposed buildings would be constructed north of the existing apartments, allowing the current six units to remain in place and continue generating income during development. An approximately 1,850-square-foot warehouse between the existing buildings would be removed and replaced with a beautifully designed central courtyard serving all 12 units. This is a rare opportunity to acquire a stabilized multifamily asset with a clear path to significantly increasing cash flow and long-term value. Ideal for investors, developers, or 1031 exchange buyers seeking immediate income with future upside. Buyers should independently verify zoning, development requirements, permits, utility capacity, and all approvals. Adding to the property's appeal, a brand-new North Las Vegas Fire Station is under construction immediately west of the property, reflecting continued public investment and neighborhood growth. Opportunities combining existing cash flow, expansion plans, additional land, and substantial upside are rarely available. Don't miss this chance to own a premier multifamily investment with immediate income and exceptional future potential.

2405 Mccarran Street, North Las Vegas

$1,310,000
2801616 MLS 4,274 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1153 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $84,205, representing approximately a 6.4% cap rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

1153 Sierra Vista Drive, Las Vegas

$1,310,000
2801639 MLS 4,002 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1165 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $82,723, representing approximately a 6.3% capitalization rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1153 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

1165 Sierra Vista Drive, Las Vegas

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