Historic West Side Central Las Vegas Fourplex 718 W Wilson Ave

Hyde Real Estate Group at Simply Vegas presents a fourplex located in the Historic Westside and part of the Vision 2045 Downtown City of Las Vegas Master Plan. 718 Wilson is a well-maintained, garden-style fourplex in a designated Opportunity Zone. This single-story property has been updated with new windows, a water heater, and central air conditioning units.
Conveniently located near downtown Las Vegas with easy freeway access, the property also features a gated courtyard for added privacy. With long-term tenants, the property generates solid annual income at full occupancy and boasts low operating expenses. Additional income potential exists through the use of the laundry room, leasing the storage area, and implementing RUBs to offset utility costs. Property taxes are only $918 per year.
The Historic Westside is set to undergo significant improvements as part of the Vision 2045 Downtown Master Plan. Key enhancements include upgrades to underpasses with public art, iconic signage, and improved lighting, along with the introduction of a Bus Rapid Transit (BRT) line and expanded bike networks for better connectivity. A mixed-use transit village is planned for Washington Avenue, just a 3-minute walk from the property, aimed at revitalizing the area. The plan also emphasizes historic preservation, particularly at the iconic Moulin Rouge site, which will be transformed into a vocational school. Additional improvements include the development of community parks, gathering spaces, and neighborhood infrastructure to stabilize the area. The plan promotes infill housing development, shared-use community facilities, and economic growth through job creation and business opportunities, all designed to strengthen and revitalize the Historic Westside.
Contact us for the Offering Memorandum with the Rent Roll and a copy of the 2045 Downtown City of Las Vegas Master Plan.

Investment Highlights
• Prime Location: Situated in the Historic Westside, part of the Vision 2045 Downtown City of Las Vegas Master Plan, and within a designated Opportunity Zone.
• Well-Maintained: This garden-style, single-story fourplex has been updated with new windows, a water heater, and central air conditioning units.
• Stable Income: Fully occupied with long-term tenants, generating solid annual income with low operating expenses.
• Additional Income Potential: Opportunities to increase revenue through laundry room utilization, leasing the storage area, and implementing RUBs to offset utility costs.
• Low Property Taxes: Property taxes are only $918 per year.
• Convenient Access: Located near downtown Las Vegas, with easy freeway access and a gated courtyard for added privacy.
These improvements are part of the broader goal by the City of Las Vegas to revitalize the Historic Westside and align it with the Vision 2045 plan:
1. Underpass Enhancements: Improvements to underpasses with public art, iconic signage, and lighting will enhance the aesthetic and functionality of the neighborhood.
2. Transit Improvements: Introduction of a Bus Rapid Transit (BRT) line to better serve the neighborhood, complemented by an expanded greenway and bike network, providing multimodal connections for residents.
3. Mixed-Use Development: A mixed-use transit village is planned for Washington Avenue, expected to revitalize the area and trigger corridor revitalization.
4. Historic Preservation: Preservation of the historic Moulin Rouge site, with a proposal to establish a vocational school on-site, reinforcing cultural and community identity.
5. Community Services: Efforts to increase community amenities, such as parks, gathering spaces, and neighborhood infrastructure, which will stabilize and support the surrounding neighborhoods.
6. Neighborhood Stabilization: Promotion of contextual neighborhood infill with multifamily housing to strengthen community infrastructure.
7. Economic Growth: Encouragement of shared-use community facilities that serve surrounding neighborhoods, fostering job creation and business opportunities.