1205 Phillips Avenue, Las Vegas, NV 89104, Las Vegas, 89104 - bed, bath
1205 Phillips Avenue
Las Vegas, NV 89104
Property Price
SUMMARY
Analysis of 1205 Phillips Avenue, Las Vegas, NV 89104 is currently available with a list price of $475,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is a well-maintained 1954 duplex that has undergone over $40,000 in recent renovations. Key upgrades include a brand-new roof, HVAC system, water heater, and windows, which address major system longevity. The interior features new flooring and blinds, and while the structure is older, the recent capital improvements and move-in ready condition for tenants align with the 'good' classification.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Opportunity
The property is a fully tenant-occupied duplex with current leases in place, providing immediate rental income and a seamless transition for investors.
- Extensive Capital Improvements
With over $40,000 in recent renovations including a brand-new roof, HVAC system, water heater, and windows, the property offers significantly reduced near-term maintenance costs.
- Prime Rental Location
Situated just minutes from the Las Vegas Strip, the property is positioned in a high-demand area that appeals to a wide tenant base and supports long-term appreciation.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1954, the property may have aging underlying plumbing or electrical systems that were not fully addressed by the recent cosmetic and mechanical upgrades.
- Restricted Access
The tenant-occupied status and 'do not disturb' instruction limit immediate owner-occupancy options and can make the due diligence and inspection process more logistically complex.
About 1205 Phillips Avenue
Welcome to 1205 & 1207 Phillips Avenue, a recently updated duplex offering immediate rental income and peace of mind. Minutes from the Las Vegas Strip! Both units are tenant-occupied with current year lease terms, making this a perfect turnkey investment opportunity. Enjoy over $40,000 in recent renovations, including new flooring, new windows and blinds, water heater, a brand-new roof, and a new HVAC system. Whether you’re looking to expand your investment portfolio or secure a strong-performing asset, this well-maintained property is ready to deliver! Please do not disturb tenants.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1954
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,826 | 1,826 | 50% |
| Lot Size | 7,405 | 6,970 | 86% |
| Price | $475.0K | $304.5K | 86% |
| Price per sq ft | $260 | $153 | 86% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 240 | 1508 | 29% |
Pricing History
Listed for Sale
Jul 10, 2025
$475,000
Initial Listing