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Listed price in listed location currency (USD).
$2,500,000

24120

MLS® 1127401

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 10800 sqft
Garage 
Taxes $14,126
Days Active 105
Lot Size 
Approx. Age 2024
Avg. Price Per Sqft $231
MLS® Number 1127401

Property Address: 100 E 1st South St, Mesquite, NV, 89027-6321

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

Description

12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking. New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses 4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow increases. Could self manage at expiration of current management agreement with ERA Brokers and bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management. 100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking, and off the main streets for a quieter location than many. Still room to improve it more. Picture adding security gates, carports, or a pool area or other recreational amenities. Incredible investment opportunity! Please do not disturb tenants.
MLS® Number1127401
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2024
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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