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USANVLas VegasRichfield Village3116 Kings Way
Listing image | Image 1

3116 Kings Way, Las Vegas, NV

House

For Sale

Listed price in listed location currency (USD).
$219,000

561

MLS® 2791719

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1434 sqft
Garage Yes
Taxes $1,172
Days Active 11
Lot Size 0.16 Acres
Approx. Age 1963
Avg. Price Per Sqft $152
MLS® Number 2791719

Property Address: 3116 Kings Way, Las Vegas, NV, 89102-0156

Average square foot calculated using Size range provided by listing agent.

Description

This is a unique situation. The seller would like to discuss all creative options. The home is going to need substantial renovation. Property taxes 4%–6% Insurance 2%–4% Utilities (if owner-paid) 10%–15% Repairs & maintenance reserve 5%–10% Vacancy & credit loss 5%–10% Landscaping/pest control 1%–3% Capital reserves (future HVAC, roof, appliances, etc.) 5%–10% Total (self-managed) 25%–40% Gross Potential Income 5 bedrooms + studio = $6, 500/month Annual = $78, 000 Adjust for 90% occupancy Effective Gross Income = about $70, 200/year Example expense budget (30%) Expenses ˜ $21, 000/year Net Operating Income Approximately $49, 000/year Using common investor cap rates: Cap Rate Value 10% $490, 000 8% $612, 000 A one-third interest before any minority discount would be approximately: $163, 000 at a $490k valuation
MLS® Number2791719
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1963
Basement
DrivewayAttached Carport, Air Conditioned Garage, Exterior Access Door, Electric Vehicle Charging Stations, Guest, Inside Entrance, Tandem
Garage Spaces
HeatElectric, Multiple Heating Units, Wall Furnace
A/CElectric, None

Extras

Rooms

Change to metres

Living Room:30 × 15 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 16, 2026List Date
$219,000List Price
  • Commute

Commute

Starting Address
Destination Address
3116 Kings Way, Las Vegas, NV

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