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About This Home
This 24-bedroom, 12-bathroom residential multi family at 100 E 1st S St in Mesquite, NV is listed for $2,500,000 ($231 per sqft). Built in 2024, the home offers 10,800 sqft of living space on a 0.73 acres lot.
12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking. New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025.
At list price, after ALL expenses 4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow increases. Could self manage at expiration of current management agreement with ERA Brokers and bump that net cap rate by 1-2%.
Or, if it's not broken, keep it simple and keep existing management. 100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking, and off the main streets for a quieter location than many. Still room to improve it more. Picture adding security gates, carports, or a pool area or other recreational amenities. Incredible investment opportunity! Please do not disturb tenants.
Key Features
- Built in 2024
- 0.73 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
100 E 1st S St
Mesquite, NV 89027
None (No Subdivision)
Features & Amenities
Interior Features
Property Details
Heating
Cooling
Appliances
Questions & Answers
This 24-bedroom, 12-bathroom residential multi family at 100 E 1st S St is listed at $2,500,000 ($231/sqft). The estimated monthly payment is $10,833 based on 20% down at 6.5% interest.
Key features include: Built in 2024, 0.73 acre lot, 2 stories. Interior Features: Ceiling Fans, Flooring- Carpet, Flooring- Laminate, Wheelchair Accessible, Vaulted Ceilings.
This property is listed by E. Shaun Caldwell and can be reached at 7027013326 or eshauncaldwell@aol.com.