2780 Menlo Square Drive is a partially renovated 4-unit value-add multi-family investment opportunity located near Downtown Las Vegas, NV. The investment property features two-story construction with 2 bedroom floor plans, on a spacious 0.22 acre lot. This investment property is located near one of Las Vegass most popular neighborhoods. Various retail shops, restaurants, and casinos can be found nearby for the tenants to enjoy and work at. 2780 Menlo Square Drive is conveniently located within walking distance of several schools, parks, and community centers. The propertys location makes it an attractive option for prospective tenants seeking a comfortable and convenient near Downtown Las Vegas. Investors seeking a strong return on investment will find 2780 Menlo Square Drive to be a highly desirable property, given its prime location and opportunity to add value.
Property Features
Interior Features
- Storage
- ProgrammableThermostat
- Flooring: CeramicTile
Appliances
- ExhaustFan
- Oven
- Range
- Refrigerator
- RangeHood
Heating and Cooling
- Heating Features: Electric
- Heating: Yes
Land Info
- Lot Size Acres: 0.2199954
- Lot Size Square Feet: 9583
Homeowners Association
- Association: No
- Association Amenities: Storage
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 2200
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 4
Rental Info
Other Property Info
- Annual Tax Amount: 1506
- Source Listing Status: Pending
- County: Clark County
- Cap Rate: 6.4
- Directions: From N Eastern Ave turn East on Stewart Ave, then turn South on N 28th St, from there turn West on Menlo Square Dr, property is located on Northwest corner.
- Distance To Sewer Comments: Public
- Source Property Type: Residential
- Distance To Water Comments: Public
- Insurance Expense: 2000
- Source Neighborhood: Menlo Square
- Parcel Number: 139-36-412-001
- Postal City: Las Vegas
- Postal Code Plus 4: 7721
- Professional Management Expense: 4405
- Public Survey Range: 61
- Public Survey Section: 36
- Public Survey Township: 20
- Subdivision: Menlo Square
- Property Subtype: MultiFamily
- Source System Name: C2C
Commercial Info
Building and Construction
- Total Square Feet Living: 2800
- Year Built: 1982
- Building Area Total: 2800
- Construction Materials: Stucco
- Levels: Two
- Property Age: 42
- Property Condition: GoodCondition, Resale
- Roof: Composition, Shingle
- Levels or Stories: 2
- Year Built Details: RESALE
- Architectural Style: Fourplex
Utilities
- Sewer: PublicSewer
- Water Source: Public