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1951 Teepee Rd 3 Unit Apartment Building $625,000 ($208,333/Unit) 6.10% Cap Rate Pahrump, NV 89048
Investment Highlights
- New Air Conditioning - Two out of three units have brand-new AC systems, reducing short-term maintenance costs.
- Prime Central Location - Close to schools, shopping, and major routes — ideal for long-term renters.
- Strong Unit Layouts - Each unit features a spacious 3-bedroom layout with main-floor living, laundry area, and a full bathroom upstairs.
Executive Summary
Fully Occupied - All three units are currently rented, generating immediate cash flow.
? New Air Conditioning - Two out of three units have brand-new AC systems, reducing short-term maintenance costs.
? Strong Unit Layouts - Each unit features a spacious 3-bedroom layout with main-floor living, laundry area, and a full bathroom upstairs.
? Built in 2008 | 5,910 sq ft - Modern construction provides long-term durability with fewer maintenance surprises.
? Prime Central Location - Close to schools, shopping, and major routes — ideal for long-term renters.
? Multi-Family Appeal - Perfect for investors, owner-occupiers, or partnerships seeking stable, turnkey rental income.
? New Air Conditioning - Two out of three units have brand-new AC systems, reducing short-term maintenance costs.
? Strong Unit Layouts - Each unit features a spacious 3-bedroom layout with main-floor living, laundry area, and a full bathroom upstairs.
? Built in 2008 | 5,910 sq ft - Modern construction provides long-term durability with fewer maintenance surprises.
? Prime Central Location - Close to schools, shopping, and major routes — ideal for long-term renters.
? Multi-Family Appeal - Perfect for investors, owner-occupiers, or partnerships seeking stable, turnkey rental income.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $625,000 | Apartment Style | Townhome |
| Price Per Unit | $208,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.10% | Building Size | 8,896 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | ||
| Zoning | MF | ||
| Price | $625,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,896 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Zoning | MF |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Property Taxes
| Parcel Number | 42-111-37 | Improvements Assessment | $133,398 (2025) |
| Land Assessment | $2,689 (2025) | Total Assessment | $136,087 (2025) |
Property Taxes
Parcel Number
42-111-37
Land Assessment
$2,689 (2025)
Improvements Assessment
$133,398 (2025)
Total Assessment
$136,087 (2025)
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1951 Teepee Rd
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