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4650 Koval Ln 4 Unit Apartment Building $670,000 ($167,500/Unit) Las Vegas, NV 89109
Investment Highlights
- LOCATION, LOCATION, LOCATION. This large fourplex multi-family located easy access from The Strip across from MGM casino.
- Upside and future development potential with long term stable management.
Executive Summary
Location, Location, Location! This is a rare opportunity to own a spacious fourplex multi-family property within walking distance of the world-famous Las Vegas Strip, directly across from the MGM Casino. The property offers strong upside potential and future development opportunities with long-term stable management. Each of the four units features large bedrooms, a living room, and a kitchen equipped with all appliances. Two units are fully furnished for extended stays.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$67,200
|
$17.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,200
|
$17.45
|
| Taxes |
$3,390
|
$0.88
|
| Operating Expenses |
$15,400
|
$4.00
|
| Total Expenses |
$18,790
|
$4.88
|
| Net Operating Income |
$48,410
|
$12.57
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $17.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $17.45 |
| Taxes | |
|---|---|
| Annual | $3,390 |
| Annual Per SF | $0.88 |
| Operating Expenses | |
|---|---|
| Annual | $15,400 |
| Annual Per SF | $4.00 |
| Total Expenses | |
|---|---|
| Annual | $18,790 |
| Annual Per SF | $4.88 |
| Net Operating Income | |
|---|---|
| Annual | $48,410 |
| Annual Per SF | $12.57 |
Property Facts
| Price | $670,000 | Building Class | C |
| Price Per Unit | $167,500 | Building Size | 5,171 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4 - Residential Multi Family | ||
| Price | $670,000 |
| Price Per Unit | $167,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 5,171 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | R4 - Residential Multi Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Kitchen
- Dining Room
- Pantry
- Window Coverings
- Large Bedrooms
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $1,450 | 1,200 - 1,500 |
| 3+1 | 1 | $1,300 | 1,100 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 162-21-713-005 | Total Assessment | $115,539 |
| Land Assessment | $51,100 | Annual Taxes | $3,390 ($0.66/SF) |
| Improvements Assessment | $64,439 | Tax Year | 2026 |
Property Taxes
Parcel Number
162-21-713-005
Land Assessment
$51,100
Improvements Assessment
$64,439
Total Assessment
$115,539
Annual Taxes
$3,390 ($0.66/SF)
Tax Year
2026
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4650 Koval Ln
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