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INVESTMENT HIGHLIGHTS
- Fully occupied portfolio of 3 fourplexes (12 total units) with long-term, stable tenants, spacious layouts and select units featuring fireplaces
- Prime East Las Vegas location with strong rental demand and low vacancy
- Situated in East Las Vegas, a strong-performing rental submarket
- Immediate value-add potential through lease renewals and rental rate optimization
- Offered individually or as a portfolio, providing acquisition flexibility
- 2305 Exeter Dr features all 2-bedroom, 2-bath units, 4244 Middlesex Ave and 917 Snug Harbor St feature all 2-bedroom, 1-bath units
EXECUTIVE SUMMARY
This rare East Las Vegas portfolio consists of three well-maintained fourplex properties—2305 Exeter, 4244 Middlesex, and 917 Snug Harbor—each offering either 2-bedroom/1-bath or 2-bedroom/2-bath units with strong in-place tenancy. All properties were built in 1983 and are occupied by long-term tenants, providing immediate in-place cash flow with upside through strategic lease renewals. With unit features such as fireplaces and large living areas, these assets are tailored for tenant retention. Located in a high-demand rental corridor of East Las Vegas, the portfolio presents an attractive opportunity for investors seeking stabilized income and long-term appreciation. The properties may be acquired individually or as a complete portfolio.
All three properties are located in the East Las Vegas submarket, a high-occupancy, residential area known for its consistent tenant demand and accessibility. Tenants benefit from close proximity to local shopping centers, schools, employment hubs, and major roadways such as Nellis Blvd and Boulder Hwy. This submarket continues to outperform in occupancy and rent stability, especially for well-sized two-bedroom units that meet the needs of working families and long-term renters. The area’s economic resilience and connectivity make it a highly attractive location for buy-and-hold investors seeking minimal vacancy risk.
All three properties are located in the East Las Vegas submarket, a high-occupancy, residential area known for its consistent tenant demand and accessibility. Tenants benefit from close proximity to local shopping centers, schools, employment hubs, and major roadways such as Nellis Blvd and Boulder Hwy. This submarket continues to outperform in occupancy and rent stability, especially for well-sized two-bedroom units that meet the needs of working families and long-term renters. The area’s economic resilience and connectivity make it a highly attractive location for buy-and-hold investors seeking minimal vacancy risk.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $1,920,000 | Number of Properties | 3 |
| Price / SF | $160.75 / SF | Individually For Sale | 3 |
| Cap Rate | 7.61% | Total Building Size | 11,944 SF |
| Sale Type | Investment | Total Land Area | 0.52 AC |
| Status | Active |
| Price | $1,920,000 |
| Price / SF | $160.75 / SF |
| Cap Rate | 7.61% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 11,944 SF |
| Total Land Area | 0.52 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2305 Exeter Dr, Las Vegas, NV 89156 | Multifamily | 4,172 SF | 1983 | $640,000 |
| 4244 Middlesex Ave, Las Vegas, NV 89110 | Multifamily | 4,172 SF | 1983 | $640,000 |
| 917 Snug Harbor St, Las Vegas, NV 89110 | Multifamily | 3,600 SF | 1983 | - |
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