4300 North Lamont Street 281, Las Vegas, NV 89115, Las Vegas, 89115 - 2 bed, 2 bath
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Las Vegas, NV 89115
This property presents a High-Potential Investment Opportunity with a List Price of $149,999, which is currently aligned with the $149,999 Fair Market Value. Featuring a Condition Rating of 3, the unit includes modern grey-tone laminate flooring and refreshed cabinetry, making it a move-in ready Buy-and-Hold Asset. Its strategic location near Nellis Air Force Base and the Las Vegas Motor Speedway ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, low-maintenance property with immediate cash flow potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4300 North Lamont Street 281 Subject | $149,999* List Price | 2 | 2 | 864 | $174 | - |
A 4730 CRAIG Road 1057 Sold | $160,000 | 2 | 2 | 974 | $164 | 0.4 mi |
B 4730 CRAIG Road 1057 Sold | $160,000 | 2 | 2 | 974 | $164 | 0.4 mi |
C 4437 Dover Straight Street 206 Sold | $192,500 List Price | 2 | 3 | 1,205 | 0.2 mi | |
D 4730 E Craig Road 1020 Sold | $170,000 | 2 | 2 | 974 | $175 | 0.3 mi |
E 4730 E Craig Road 1007 Sold | $180,000 | 3 | 2 | 1,159 | $155 | 0.3 mi |
F 4300 N Lamont Street 225 Active | $165,000 List Price | 2 | 2 | 864 | $191 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1983, the interior shows a clear cosmetic renovation within the last 5-15 years, featuring modern grey-tone laminate flooring, updated paint, and refreshed cabinetry. The unit appears well-maintained and move-in ready, though appliances are older white models.
With a tenant already in place and a competitive sub-$150k price point, this property offers immediate cash flow and a low barrier to entry for real estate investors.
Situated just five minutes from Nellis Air Force Base and seven minutes from the Las Vegas Motor Speedway, the unit is ideally positioned to attract a consistent pool of military and local workforce tenants.
The floor plan maximizes its 864 square feet by featuring two full bathrooms, a large breakfast bar, and a separate storage room, providing more utility than many units in this size bracket.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =864, other record lot size in square feet = 1722.
The property has been on the market for over 500 days, which may signal underlying issues with pricing, condition, or difficulty in coordinating showings with the current tenant.
The reliance on a community laundry room rather than having private in-unit hookups is a significant convenience drawback that can limit rental premium potential and buyer appeal.
Tenant in place !Great investment property! Large living room, lots of kitchen cabinets with large breakfast bar. Two full bathrooms. Mirrored closet doors in both bedroms. Separate storage room. Upstairs balcony. Community has laundry room, just downstairs from the unit!! 5 Mins from Air Force Base, restaurants, and 7 mins to the LV Motor Speedway! Agent to verify schools and measurements.
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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 864 | 965.5 | 19% |
| Lot Size | 864 | - | 65% |
| Price | $150.0K | $0 | 65% |
| Price per sq ft | $174 | $0 | 92% |
| Built year | 1983 | 2000 | 4% |
| HOA | $257 | $132 | 81% |
| Days on market | 537 | 2458 | 23% |
Dec 16, 2024
$149,999
Initial Listing