2341 Exeter Drive Las Vegas, NV 89156

Tremendous opportunity to own a VERY well maintained 4 plex! Building consists of (4) LARGE 2 bed/ 2/bath units. Onsite Laundry room. No HOA! Great quiet neighborhood right near the mountains. The property has Great Strip Views..Current rents have the return at a 7% CAP Rate...But there is great upside and value add as most recent lease signed for $1,200. and the Owner plans to raise other rents to $1,300 a unit as leases expire this year. Those planned rental increases can take this to an 8%+ CAP Rate. That's the best proforma on the market today..Great tenants, all pay on time and all units are separately metered for electric and gas.