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Image 1 - 770 West Wilson Avenue, Las Vegas, NV 89106, USA - Condo for sale
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Condo For Sale In Las Vegas, Nevada
770 West Wilson Avenue, Las Vegas, NV 89106, USA

Condo For Sale In Las Vegas, Nevada

condo for sale
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Listed: 03/19/24

770 West Wilson Avenue, Las Vegas, NV 89106, USA

Studio Bed:
2,288 Sq Ft Living Area:
Save
Price
$ 625,000

About This Condo

718 Wilson is a well-maintained Opportunity Zone fourplex, garden style, single-story units. Recently updated with newer windows, water heater, and central air conditioning units. The property has long-term tenants and a convenient location in the central Las Vegas submarket, near downtown and with easy freeway access. The property has recently been gated and enclosed, creating a courtyard environment. A two-minute drive from Jackson Avenue, which offers a vibrant mix of new restaurants, lounges, and public exhibits. The property will generate an annual income of approximately$54, 000at 100% occupancy. Operating expenses for the property are low. There are opportunities to increase income by utilizing the laundry room area with machines, leasing out the storage room, and implementing (RUBs) to offset utility expenses. Property taxes are only $918 per year. Call to request Offering Memorandum with Rent Roll.

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West Las Vegas Housing & Living

Household Income

Median household income: $53,575
Number of households: 234,592
The average household income in Las Vegas, NV declined from $56,699 to $53,575 in the past year. This data is an estimate based upon 234,592 households in Las Vegas, NV.
The chart below presents how household income is distributed in Las Vegas, NV in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Las Vegas, NV compared to median property taxes around the country. The prevalent amount of property taxes in Las Vegas, NV equals $800-$1,500 , which is less than the national average.