1455 E Katie Avenue L23, Las Vegas, NV 89119, Las Vegas, 89119 - 3 bed, 2 bath
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Las Vegas, NV 89119
This Turnkey Rental Asset represents a Strong Value Opportunity with a List Price of $259,000—positioned well below the $274,199 Fair Market Value by 5%. This valuation gap provides $15,199 in Instant Equity. Boasting a Condition Rating of 3, the interior features Granite Countertops, New Carpet, and Tile Flooring. Currently leased at $1,962 through March 2027, it offers immediate cash flow and a Balcony View of community courts. This is a premier acquisition for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1455 E Katie Avenue L23 Subject | $259,000* List Price | 3 | 2 | 1,266 | $217 | - |
A 3823 S Maryland Parkway R1 Sold | $200,000 | 2 | 2 | 892 | $224 | 0.4 mi |
B 3823 MARYLAND R1 Sold | $200,000 | 2 | 2 | 892 | $224 | 0.4 mi |
C 1455 E Katie Avenue K13 Active | $205,000 List Price | 2 | 2 | 1,050 | $195 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1980, the property is well-maintained and move-in ready with significant updates including granite countertops throughout and new carpet and tile flooring. It is currently leased and functional, meeting the criteria for a well-maintained older property with recent cosmetic renovations.
The property is currently leased at $1,962 per month through March 2027 with an excellent tenant, providing immediate and stable cash flow for investors.
The unit features significant recent improvements including granite countertops throughout, new carpet in living areas, and new tile flooring in the kitchen and dining rooms.
Residents benefit from a wide array of on-site facilities including a pool, spa, clubhouse, playground, and sports courts, all within a centrally located complex.
The long-term lease commitment until 2027 makes this property unsuitable for owner-occupants or buyers needing a primary residence in the near future.
The property relies on a communal laundry facility rather than having private in-suite washer and dryer hookups, which may be a drawback for some tenants or future buyers.
Great Investment. Leased for $1,962. Lease ends 03/31/2027.Exellent tenant. 3 Bedrooms, 2 baths Condominium. Granite countertops throughout, New Carpet flooring in Livingroom, Dining room, and hallway. New tile flooring in Kitchen, Livingroom, and Dining room. Mirror closet doors on all the bedrooms, Blinds throughout, ceiling fan in Dining room, Kitchen with breakfast bar, Balcony with great view of the Tennis and basketball court. Community with laundry Facility, mail room, clubhouse, pool, spa, playground, Tannins and basketball court. Centrally locatieon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 99% |
| Baths | 2.0 | 1.0 | 60% |
| Square foot | 1,266 | 800 | 97% |
| Lot Size | 8,564 | - | 99% |
| Price | $259.0K | $107.5K | 99% |
| Price per sq ft | $205 | $159 | 75% |
| Built year | 1980 | 1980 | 50% |
| HOA | $344 | $175 | 94% |
| Days on market | 43 | 1490 | 1% |
Apr 24, 2026
$259,000
Initial Listing