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1920 Lirio Way

4 Unit Block of Flats £592,507 (£148,127/Unit) 6.13% Net Initial Yield Las Vegas, NV 89108

Investment Highlights

  • Summerlin adjacent fourplex
  • Units with laundry rooms, fireplaces, and separate storage
  • Fully occupied with high rents

Executive Summary

This fully-occupied fourplex boasts a prime location near Summerlin, high rents, and great condition. Professionally managed 2 bed/2 bath units in the northwest with easy access to shopping, dining, and entertainment options. Each unit comes complete with its own laundry room, fireplace, and separate storage closet. Don't miss out on this incredible opportunity. *contact Jillian Hyde (702) 439-3388 with any questions*

Data Room Click Here to Access

Financial Summary (Pro forma - 2023) 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
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) 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
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £592,507
Price Per Unit £148,127
Sale Type Investment
Net Initial Yield 6.13%
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.16 AC
Building Size 3,840 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1984/2022
Parking Ratio 2.08/1,000 SF

Unit Amenities

  • Balcony
  • Fireplace
  • Storage Space
  • Washer/Dryer Hookup
  • Dining Room

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 4 £1,151 973

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
138-23-710-005
Land Assessment
£45,070 (2024)
Improvements Assessment
£42,260 (2024)
Total Assessment
£87,330 (2024)

zoning

Zoning Code R3, City/Las Vegas (Single-Family Dwellings)
R3, City/Las Vegas (Single-Family Dwellings)
  • Listing ID: 28205054

  • Date on Market: 11/04/2023

  • Last Updated:

  • Address: 1920 Lirio Way, Las Vegas, NV 89108

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