
Las Vegas, NV 89120
This High-Potential Investment Opportunity is listed at a List Price of $175,000, which is positioned above the $98,261 Fair Market Value. Despite the premium, the property offers a compelling 8-9% CAP Rate and a proven 3-bedroom conversion option to drive rental yields. Featuring a Condition Rating of 5, the home requires a full rehab to modernize its 1976 interior. With its Single-Story Accessibility and Private Patio, this asset is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers targeting the Las Vegas rental market.
Property is extensive renovation needed.
Built in 1976 (48 years old) with no mention of recent renovations to kitchen, baths, or systems. The 'Sold As-Is' status and painted concrete floors suggest the property is significantly dated and requires a full rehab to meet modern standards.
The rare single-level townhome layout with no stairs provides highly desirable, low-maintenance living suitable for those with mobility needs or seeking a simplified lifestyle.
Boasting an estimated 8-9% CAP rate and a proven 3-bedroom conversion option, this property offers significant upside for investors looking for strong rental yields.
Located in an interior pocket of Tropicana Villas, the home benefits from mature landscaping and a quiet atmosphere that is difficult to find in central Las Vegas.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The property is sold in as-is condition and was built in 1976, indicating that buyers should budget for potential deferred maintenance or necessary modern updates.
The local school ratings are generally low, specifically the high school at a 2/10, which may decrease the property's appeal to families with school-aged children.
Single-story townhome at Tropicana Villas in Las Vegas — no stairs. This 2-bedroom, 2-bathroom, 1,012-square-foot single-level home offers accessible, low-maintenance living in one of Las Vegas's most lush, landscaped communities. Tropicana Villas features mature trees and greenery throughout — a rare find in the desert. Situated away from busy streets and set within an interior pocket of the community, this home offers a calm feel that's hard to come by in central Las Vegas. Two oversized bedrooms with large closets, painted concrete and tile flooring, and a well-maintained interior structure keep this home cool during the Summer. A private, fenced outdoor area provides dedicated patio space for entertaining or relaxing. Ask about the 3-bedroom conversion option — multiple homeowners within Tropicana Villas have already completed this upgrade, and the same opportunity may be available here. Tropicana Villas is centrally located in Las Vegas, with easy access to the Strip, dining, grocery, shopping, and major commuter corridors including I-15 and US-95. Coveted Single-story living, private outdoor space, and a peaceful setting. Great investment opportunity with estimated 8-9% CAP Rate! Sold As-Is.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 0.8 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,012 | 1,440 | 12% |
| Lot Size | 1,307 | 1,742 | 41% |
| Price | $175.0K | $275.0K | 24% |
| Price per sq ft | $173 | $181 | 41% |
| Built year | 1976 | 1973 | 59% |
| HOA | $208 | $220 | 47% |
| Days on market | 10 | 302 | 6% |
May 27, 2026
$175,000
Initial Listing
Aug 19, 1998
$58,000
Public Record