4600 University Center Drive 235, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
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Las Vegas, NV 89119
This Strategic Rental Asset is listed at $120,000, positioned relative to its $101,987 Fair Market Value. Boasting a Condition Rating of 4, the unit is move-in ready with updated vinyl flooring and all appliances included. Its exceptional location within walking distance to UNLV and proximity to Paradise Elementary School ensures high utility and consistent rental demand. Featuring a community pool and a modest $199 HOA fee, the property offers a low-barrier entry into the Las Vegas market. This is a prime acquisition 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 |
|---|---|---|---|---|---|---|
★ 4600 University Center Drive 235 Subject | $120,000* List Price | 1 | 1 | 416 | $245 | - |
A 4600 University Center Drive 206 Sold | $85,000 | 1 | 1 | 416 | $204 | 0.0 mi |
B 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
C 1381 UNIVERSITY Avenue 202 Sold | $106,450 | 1 | 1 | 500 | $213 | 0.7 mi |
D 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
E 1381 E UNIVERSITY Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
F 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.7 mi |
G 4600 University Center Drive 177 Active | $112,500 List Price | 1 | 1 | 416 | $270 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1977, is move-in ready and features some cosmetic updates such as newer vinyl flooring and fresh paint. However, it retains several dated elements consistent with its age, including popcorn ceilings and wall-mounted cooling units. While functional and well-maintained for its price point, it has not undergone a comprehensive modern renovation of all major systems and fixtures.
Situated within walking distance to UNLV and minutes from the Las Vegas Strip and Harry Reid International Airport, this property offers exceptional convenience and high rental demand for students and hospitality professionals.
With a low entry price point of $120,000 and a modest monthly HOA fee of $199, the unit provides a strong potential for positive cash flow and low carrying costs for investors.
The condo is move-in ready featuring updated vinyl flooring and includes all appliances, making it an attractive, low-maintenance option for immediate occupancy or rental.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =416, other record lot size in square feet = 480.
The compact 416-square-foot layout may limit the property's appeal to a specific demographic, such as single residents or those seeking a minimalist lifestyle, potentially narrowing the resale market.
Constructed in 1977, the building's age may necessitate future updates to community facilities and could lead to higher long-term maintenance requirements compared to newer developments.
Prime location!...Cozy condo, move-in ready!...2nd floor studio/1BR...vinyl flooring...includes all appliances...community pool, laundry facility, assigned parking...Walk to UNLV, minutes to Strip, airport, shopping, dining, freeway!...Great investment!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 416 | 880 | 5% |
| Lot Size | 416 | - | 52% |
| Price | $120.0K | $110.0K | 57% |
| Price per sq ft | $288 | $167 | 96% |
| Built year | 1977 | 1983 | 34% |
| HOA | $199 | $175 | 60% |
| Days on market | 7 | 1510 | 1% |
Apr 15, 2026
$120,000
Initial Listing