
Las Vegas, NV 89119
This Value-Add Income Property is listed at $400,000, reflecting its unique income potential relative to a $306,910 Fair Market Value. The asset carries a Condition Rating of 5, requiring a rehab to modernize 1963 systems. However, the converted garage studio with a full bath and the large 7,405 SQFT lot offer "house hack" potential and high lot utilization. With No HOA Fees and proximity to Jack Dailey Elementary, Helen C Cannon Junior High, and Del Sol High, the property is primed for rental income. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1077 Count Wutzke Avenue Subject | $400,000* List Price | 3 | 2 | 1,134 | $271 | - |
A 922 Westminster Avenue Sold | $320,000 | 3 | 2 | 1,134 | $282 | 0.2 mi |
B 931 LULU Avenue Sold | $400,000 | 3 | 2 | 1,212 | $330 | 0.5 mi |
C 2184 Sunnyslope Avenue Sold | $320,000 | 3 | 2 | 1,224 | $261 | 1.0 mi |
D 5420 OXBOW Street Sold | $330,000 | 3 | 2 | 1,199 | $275 | 0.7 mi |
E 1108 Princess Katy Avenue Sold | $418,000 | 3 | 2 | 1,464 | $286 | 0.1 mi |
F 1037 Westminster Avenue Sold | $315,000 | 3 | 1 | 972 | $324 | 0.1 mi |
G 1114 Westminster Avenue Active | $390,000 List Price | 3 | 2 | 1,134 | $344 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 with interior updates (oak cabinets, tile, and fixtures) that appear to be 30+ years old. The presence of popcorn ceilings, dated kitchen/baths, and an unconventional exterior laundry enclosure suggests the property requires a comprehensive rehab to address aging systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1134.
The converted garage studio with a full bath provides a versatile space for guests or potential rental income, significantly increasing the property's utility and value.
With an association fee of $0, homeowners enjoy greater financial flexibility and freedom from the restrictive regulations often found in Las Vegas communities.
Built in 1963, the home may require significant updates to its original systems and infrastructure to meet modern efficiency and safety standards.
The assigned public schools have lower performance ratings, which may be a drawback for families prioritizing high-ranking educational environments.
This home offers 3 bedrooms, 2 bathrooms, plus a converted garage turned into a spacious studio with a full bath perfect for guests or extra income, Conveniently located close to the airport.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.9 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,134 | 1,577 | 5% |
| Lot Size | 7,405 | 6,970 | 56% |
| Price | $400.0K | $375.0K | 59% |
| Price per sq ft | $353 | $238 | 95% |
| Built year | 1963 | 1983 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 302 | 1517 | 39% |
Aug 15, 2025
$400,000
Initial Listing
Jul 7, 1995
$85,000
Public Record