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Updated Income-Producing Fourplex Near DTLV 833 Bruce St 4 Unit Apartment Building $599,999 ($150,000/Unit) 8.16% Cap Rate Las Vegas, NV 89101
INVESTMENT HIGHLIGHTS
- Fully remodeled fourplex with remodeled interiors and newer appliances
- Two-story walk-up in quiet, established neighborhood near Downtown Las Vegas
- Fenced lot with private outdoor space and on-site parking
EXECUTIVE SUMMARY
This fully remodeled fourplex presents an exceptional investment opportunity just minutes from Downtown Las Vegas. Featuring a mix of two-bedroom and one-bedroom units, the property was extensively updated in 2018 with new flooring, appliances, water heaters, and fresh interior finishes. Each unit is separately metered for electric and equipped with central HVAC, minimizing owner expenses and simplifying management. The property sits on a fenced lot with private outdoor space and off-street parking, offering a stable, cash-flowing asset in a high-demand rental corridor. With in-place income, minimal deferred maintenance, and upside potential to reach an 8.16% pro-forma CAP rate through rent optimization, this property is ideal for both local and out-of-state investors.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Refrigerator
- Range
- Yard
SITE AMENITIES
- Fenced Lot
- Vintage Building
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,212 | 700 |
| 2+2 | 2 | $1,450 | 841 |
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PROPERTY TAXES
| Parcel Number | 139-26-310-044 | Total Assessment | $73,551 |
| Land Assessment | $43,750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $29,801 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
139-26-310-044
Land Assessment
$43,750
Improvements Assessment
$29,801
Total Assessment
$73,551
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Updated Income-Producing Fourplex Near DTLV | 833 Bruce St
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