4300 N Lamont Street 209, Las Vegas, NV 89115, Las Vegas, 89115 - 1 bed, 1 bath
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Las Vegas, NV 89115
This Strategic Rental Asset is listed at $125,000, representing a stable entry point near its $120,556 Fair Market Value. Holding a Condition Rating of 4, the interior features original 1984 finishes, providing a clear Value-Add opportunity for investors to drive appreciation through cosmetic updates. The property is currently tenant-occupied, ensuring immediate cash flow and high utility due to its proximity to Nellis Air Force Base and Zel & Mary Lowman Elementary. This gated upstairs unit is a low-maintenance acquisition perfectly suited for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4300 N Lamont Street 209 Subject | $125,000* List Price | 1 | 1 | 640 | $188 | - |
A 4300 N Lamont Street 243 Active | $155,000 List Price | 2 | 2 | 864 | $179 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1984, appears to be in mostly original condition with dated features such as popcorn ceilings, 1980s-style wood-grain cabinetry, and older carpeting. While the unit is functional and currently tenant-occupied, it shows signs of age and lacks modern updates in the kitchen and living areas, fitting the criteria for a well-maintained but outdated home requiring minor cosmetic improvements.
The property is ideally situated near Nellis Air Force Base, schools, and shopping centers, ensuring high rental demand and convenience for residents.
As a tenant-occupied unit, this property serves as a turnkey investment opportunity, providing immediate cash flow for investors without the vacancy period of a new listing.
Located within a gated community and positioned as an upstairs unit, the property offers residents increased privacy and a greater sense of security.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6562, other record lot size in square feet = 1722.
The monthly association fee of $350 is relatively high for a 640-square-foot one-bedroom unit, which may impact the net yield for investors.
The tenant-occupied status and 'do not disturb' instruction can make scheduling viewings difficult and may deter buyers looking for immediate occupancy.
Charming 1-bedroom, 1-bath upstairs condo located in a gated community. Conveniently located near schools, shopping, and Nellis Air Force Base. Property is tenant-occupied; please do not disturb tenants.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades PK-5 • 0.2 mi
Grades 6-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 13% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 640 | 974 | 3% |
| Lot Size | 6,562 | - | 70% |
| Price | $125.0K | $145.0K | 48% |
| Price per sq ft | $195 | $149 | 98% |
| Built year | 1984 | 2000 | 5% |
| HOA | $350 | $139 | 98% |
| Days on market | 293 | 2071 | 13% |
Jul 3, 2025
$125,000
Initial Listing