2725 South Nellis Boulevard 1041, Las Vegas, NV 89121, Las Vegas, 89121 - 2 bed, 2 bath
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Las Vegas, NV 89121
This property presents a High-Potential Investment Opportunity with a List Price of $180,000—positioned well below the $181,800 Fair Market Value by 1%. This valuation gap offers $1,800 in Instant Equity. Featuring a Condition Rating of 4, the unit is currently tenant-occupied, providing immediate cash flow. While the interior requires cosmetic updates, the Ground Floor Accessibility and Gated Community location ensure strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2725 South Nellis Boulevard 1041 Subject | $180,000* List Price | 2 | 2 | 1,029 | $177 | - |
A 2725 S Nellis Boulevard 2049 Sold | $180,000 | 2 | 2 | 1,029 | $175 | 0.0 mi |
B 2725 S Nellis Boulevard 2034 Sold | $181,000 | 2 | 2 | 1,029 | $176 | 0.0 mi |
C 2725 S Nellis Boulevard 1040 Sold | $140,000 | 2 | 2 | 1,029 | $136 | 0.0 mi |
D 2725 S Nellis Boulevard 2116 Sold | $189,900 List Price | 2 | 2 | 1,029 | 0.2 mi | |
E 2725 S Nellis Boulevard 1152 Sold | $175,000 List Price | 2 | 2 | 1,029 | 0.2 mi | |
F 2725 S Nellis Boulevard 2108 Sold | $190,000 | 2 | 2 | 1,029 | $185 | 0.2 mi |
G 2725 S Nellis Boulevard 2049 Active | $195,000 List Price | 2 | 2 | 1,029 | $190 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, the property is 32 years old and features original finishes. The kitchen and bathrooms are dated with 90s-era white appliances, tile countertops, and fluorescent lighting. While functional and currently tenant-occupied, the unit requires cosmetic updates and likely system overhauls due to its age exceeding 30 years.
As a first-floor unit, this property offers convenient, stair-free access, making it highly attractive to a broad demographic, including those with mobility concerns.
With a tenant already in place, the property provides immediate cash flow for investors, eliminating the initial vacancy period and marketing costs.
Situated within the Echo Bay Condo gated community, residents benefit from increased privacy and security, which is a premium feature for the Las Vegas area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5213, other record lot size in square feet = 2162.
The use of older photos from the last vacancy suggests the current interior state is unknown, potentially masking wear and tear from the existing tenancy.
The local schools are rated between 3 and 4, which may limit the property's appeal to families seeking high-performing educational districts.
Super Cute 1st Floor Unit * 2 Bed 2 Bath * Gated Community * Tenant in Place. Photos are from the last time property was vacant
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,029 | 1,029 | 50% |
| Lot Size | 5,213 | - | 75% |
| Price | $180.0K | $178.9K | 53% |
| Price per sq ft | $175 | $175 | 50% |
| Built year | 1994 | 1994 | 50% |
| HOA | $220 | $196 | 53% |
| Days on market | 9 | 1072 | 3% |
May 28, 2026
$180,000
Initial Listing
Aug 26, 1994
$73,000
Public Record