
Las Vegas, NV 89107
This Guard-Gated 55+ Rental Asset is listed at $399,000, representing a stable valuation compared to its $384,024 Fair Market Value. The residence holds a Fair Condition Rating, featuring 1,809 square feet of space enhanced by Plantation Shutters and Guard-Gated Community amenities. Located near Red Rock Elementary, Frank F Garside Junior High, and Western High, the property offers a turnkey solution with a long-term tenant in place for immediate cash flow. This single-story home is an ideal acquisition for Buy-and-Hold Investors or Real Estate Investors seeking a low-volatility senior-living asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 332 Wild Plum Lane Subject | $399,000* List Price | 2 | 2 | 1,809 | $212 | - |
A 5300 Sugarfoot Avenue Sold | $300,000 | 4 | 2 | 1,766 | $170 | 0.6 mi |
B 617 Mayfield Street Sold | $375,000 | 2 | 2 | 1,902 | $197 | 0.7 mi |
C 221 UPLAND Boulevard Sold | $395,000 | 3 | 2 | 1,516 | $261 | 0.5 mi |
D 5213 Sugarfoot Avenue Sold | $355,000 | 4 | 2 | 1,638 | $217 | 0.5 mi |
E 208 Colleen Drive Sold | $405,000 | 3 | 2 | 1,957 | $207 | 0.3 mi |
F 208 COLLEEN Drive Sold | $405,000 | 3 | 2 | 1,957 | $207 | 0.3 mi |
G 353 Mill Hollow Road Active | $375,000 List Price | 2 | 2 | 1,809 | $207 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, this property is well-maintained but appears largely original or features older updates. The interior shows dated elements such as 1990s-style light wood cabinetry, Hollywood-style bathroom light bars, and standard beige carpeting that shows some wear. While the home is functional and includes quality features like plantation shutters, it lacks the comprehensive modern renovations required for a 'good' or 'excellent' rating, fitting the 'fair' criteria for a 35+ year old home with mostly original components.
Located in a secure, guard-gated senior community with premium recreational facilities, offering peace of mind and an active lifestyle for residents.
The property features a long-term tenant already in place, making it an ideal choice for investors seeking immediate cash flow and a stable rental history.
With over 1,800 square feet of living space, this home offers a functional layout including a large kitchen with a breakfast bar and high-quality plantation shutters.
The existing long-term tenant prevents immediate move-in for owner-occupants, restricting the initial buyer pool primarily to real estate investors.
Built in 1989, the residence may require upcoming investments in modernizing aesthetic finishes or replacing aging mechanical systems.
Great for an investor looking for a wonderful single story in a guard gated 55+ community, this lovely residence boosts over 1800 soft of living space and has so much to offer, from the large kitchen counter space and breakfast bar, to the beautiful plantation shutters throughout this hime will satisfy the needs of all, long term tenant in place, the community amenities include beautiful recreational facilities for all residents to enjoy. Don't miss your chance to own this prime investment property in Fabulous Las Vegas!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 4% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,809 | 1,656.5 | 64% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $399.0K | $359.9K | 71% |
| Price per sq ft | $221 | $223 | 49% |
| Built year | 1989 | 1963 | 94% |
| HOA | $247 | $0 | 95% |
| Days on market | 393 | 291 | 55% |
Mar 25, 2025
$399,000
Initial Listing