1153 Sierra Vista DR Las Vegas, NV 89169
4,274 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,274 sqft
Price per Sqft $306
Subdivision Maryland Gardens
MLS Listing ID 2801616
Style Fourplex
Construction Status Good Condition
HOA Y/N No
Year Built 1963
Annual Tax Amount $2,015
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Multi Family
Property Description
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.
Location
State NV
County Clark
Direction FROM MARYLAND PRKW, EAST ON DESERT INN, RIGHT ON 1ST STREET-SIERRA VISTA, 1153 WILL BE ON THE LEFT JUST ACCROSS FROM WELLS FARGO BANK
Interior
Heating Central, Electric
Cooling Central Air
Flooring Other
Furnishings Unfurnished
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Amenities Available Pool
Water Access Desc Public
Roof Type Tile
Porch Balcony
Building
Story 2
Sewer Public Sewer
Water Public
Construction Status Good Condition
Schools
Elementary Schools ,
Others
Tax ID 162-15-511-009
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/las/2801616
America's Choice Realty | License ID: NV Real Estate Lic #B.0145237
+1(702) 685-6531 | success@acrealty.us