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About This Home
This 8-bedroom, 4-bathroom residential multi family at 126 E First St N in Mesquite, NV is listed for $789,000 ($256 per sqft). Built in 1988, the home offers 3,080 sqft of living space on a 0.22 acres lot.
Opportunity is knocking!!! Great investment property as is or significant potential for upgrading & increasing rate of return. As is, market rents of $1150/mo counting owner expenses should pick up a net cap rate of approx 6.6%. With upgrades like gating, carports, patios, or other amenities, could raise the cap rate potentially to as much as 7.8% range.
4 units recently updated with new paint, floor, counters, appliances, including some washer/dryers, new storage units, and more. Steadily renting at $1000-1200/mo. Similar units are renting in the $1200/mo+ range. Small enough to self manage. Nice enough for the right person to live in one and rent the other 3 for income. Each unit is 2 Br, 1 Ba, approx 770 sf. Great central location to parks, schools, College of Southern Nevada Mesquite Campus, library, community rec center, shopping, casinos, and much more.
Key Features
- Built in 1988
- 0.22 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$4,220/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
126 E First St N
Mesquite, NV 89027
None (No Subdivision)
Features & Amenities
Interior Features
Property Details
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 126 E First St N is listed at $789,000 ($256/sqft). The estimated monthly payment is $3,419 based on 20% down at 6.5% interest.
Key features include: Built in 1988, 0.22 acre lot, 2 stories. Interior Features: Flooring- Laminate.
This property is listed by E. Shaun Caldwell and can be reached at 7027013326 or eshauncaldwell@aol.com.
