4600 University Center Drive 60, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
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4600 University Center Drive 60
Las Vegas, NV 89119
ACTIVE
CONDITION: POOR
1Beds
1Baths
416Sq Ft
0Lot Size
Property Price
LIST PRICE$125,000
EST. MARKET VALUE
$99,191
26% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $125,000—positioned well above the $99,191 Fair Market Value by -26%. Featuring a Condition Rating of 5, the unit requires a full rehab to address aging infrastructure and outdated systems. Its strategic location near UNLV and the Las Vegas Strip ensures strong rental demand, while the $0 association fee minimizes carrying costs. This asset is best suited for Buy-and-Hold Investors or experienced contractors capable of executing a comprehensive renovation.
Estimated Market Value
$99,191
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4600 University Center Drive 60 Subject | $125,000* List Price | 1 | 1 | 416 | $238 | - |
A 797 East Harmon Avenue 20 Sold | $108,000 | 0 | 1 | 392 | $276 | 0.2 mi |
B 1381 E UNIVERSITY Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.9 mi |
C 1381 UNIVERSITY Avenue 202 Sold | $106,450 | 1 | 1 | 500 | $213 | 0.9 mi |
D 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.9 mi |
E 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.9 mi |
F 1381 E University Avenue 102 Sold | $107,500 | 1 | 1 | 500 | $215 | 0.9 mi |
G 4600 University Center Drive 177 Active | $112,500 List Price | 1 | 1 | 416 | $270 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1977 (47 years old) with no evidence of recent renovations. The exterior features an aging wall-mounted A/C unit rather than central HVAC, and the community pool area shows significant cracking in the concrete, suggesting the property and systems are nearing the end of their functional life and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Affordable Entry Point
Priced at $125,000, this property offers a highly accessible entry point into the Las Vegas real estate market, making it an attractive option for first-time investors or budget-conscious buyers.
- Strategic Location
Situated on University Center Drive, the condo is located in close proximity to UNLV and the Las Vegas Strip, ensuring high demand for rental opportunities and convenience for residents.
- Low Ownership Costs
With a reported association fee of $0, this unit provides a rare opportunity for exceptionally low monthly carrying costs, significantly enhancing the potential return on investment.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At only 416 square feet, the unit's compact footprint may limit its appeal to a narrower demographic and pose challenges for furniture arrangement and long-term comfort.
- Aging Infrastructure
Built in 1977, the property may require updates to its original systems and finishes to meet modern tenant expectations and energy efficiency standards.
About 4600 University Center Drive 60
Property has 1 bedroom and 1 full bathroom.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
Paradise Elementary School
Grades PK-5 • 0.5 mi
3/10
William E Orr Middle School
Grades 6-8 • 1.5 mi
3/10
Del Sol High School
Grades 9-12 • 3.0 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 416 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $125.0K | $225.8K |
| Price per sq ft | $300 | $213 |
| Built year | 1977 | 1996 |
| HOA | $0 | $254 |
| Days on market | 47 | 71 |
Pricing History
Listed for Sale
Jul 24, 2026
$125,000
Initial Listing