INVESTORS DREAM!! CURRENT SECTION 8 TENANT PAYS $1, 500 PER MONTH. CAP RATE 2024 7%. CAP RATE 2025 8%. MONTHLY EXPENSES $340 PER MONTH. NET INCOME $1, 160 PER MONTH WITH ANNUAL INCOME OF $13, 920.00. CURRENT LEASE EXPIRES 4 2025 AND THEN WILL BE ON MONTH TO MONTH FOR YOU BUYERS WANTING TO OBTAIN THIS PROPERTY TO LIVE IN. TENANT WILL RENEW LEASE IF NEW BUYER WISHES THEM TO DO SO. UPGRADES INCLUDES VINYL WINDOWS, TILE & CARPET. SEPARATE SINK FOR 2ND BEDROOM. ONE CAR GARAGE ON GROUND FLOOR BELOW THE LIVING ROOM. EASY ACCESS TO SHOPPING, ENTERTAINMENT, RESTAURANTS, AND PUBLIC TRANSPORTATION. INVESTORS DO NOT MISS THIS OPPORTUNITY! PROPERTY ALSO AVAILABLE FOR BUYERS WISHING TO LIVE IN UNIT!
Property Features
Bedrooms
Other Rooms
- Total Rooms: 6
- Dining Room
- Kitchen
- Living Room
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Central Furnace
- Heating Fuel: Electric
Land Info
- Lot Size Acres: 0.0719
- Lot Size Square Feet: 3132
Garage and Parking
- Parking Features: Garage - Attached, Guest
- Parking Total: 1
Homeowners Association
- Association: Yes
- Association Fee: 203
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 203
Other Property Info
- Annual Tax Amount: 359
- Source Listing Status: Active
- County: Clark
- Directions: FROM LAMB & BONANZA, S ON ROXELLA, FIRST BUILDING ON LEFT, UNIT SE CORNER OF BUILDING UPSTAIRS ON 2ND FLOOR. GARAGE ON GROUND FLOOR BELOW LIVING ROOM.
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Diamond Head Villas Amd
- Parcel Number: 140-32-110-012
- Subdivision: Diamond Head Villas Amd
- Zoning: Single Family
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Year Built: 1982
- Building Exterior Type: Stucco
- Property Age: 43
- Structure Type: Condominium
- House Style: Two Story