4905 MORNING FALLS Avenue, Las Vegas, NV 89131, Las Vegas, 89131 - 3 bed, 3 bath
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Las Vegas, NV 89131
This Income-Producing Residential Asset is listed at $475,000, reflecting a stable valuation relative to its $469,591 Fair Market Value. Situated in the secure Lynbrook Gated Community, the home carries a Fair Condition Rating, signaling a prime opportunity for forced appreciation through cosmetic renovations to its original finishes. The property boasts a 2,453 sqft layout, a private patio, and exceptional proximity to the 8/10 rated Howard E Heckethorn Elementary. With a long-term tenant already in place, this is a low-friction acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4905 MORNING FALLS Avenue Subject | $475,000* List Price | 3 | 3 | 2,453 | $191 | - |
A 4932 Cascade Pools Avenue Sold | $440,000 | 5 | 3 | 2,578 | $171 | 0.1 mi |
B 5033 Ropers Rock Court Sold | $430,000 | 3 | 3 | 2,322 | $185 | 0.4 mi |
C 8011 Maple Park Street Sold | $450,000 | 3 | 3 | 2,183 | $206 | 0.4 mi |
D 8011 MAPLE PARK Street Sold | $450,000 | 3 | 3 | 2,183 | $206 | 0.4 mi |
E 5001 Pounding Surf Avenue Sold | $499,000 List Price | 5 | 4 | 2,561 | 0.3 mi | |
F 5047 Naff Ridge Drive Sold | $380,000 | 3 | 3 | 2,024 | $188 | 0.2 mi |
G 5104 Cascade Pools Avenue Active | $550,000 List Price | 4 | 3 | 2,578 | $213 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2002, making it 23 years old, which falls into the 'fair' category for age. The interior images show original-style brown carpeting and basic linoleum flooring that appear dated. While the home is functional and currently tenant-occupied, it lacks recent renovations or modern upgrades to the fixtures and finishes. The exterior shows a significant crack in the driveway, indicating some deferred maintenance typical of a property in this age bracket.
The property is currently occupied by a long-term tenant, offering investors immediate cash flow and a proven rental history without the need for initial marketing or tenant placement.
Situated in the highly sought-after Lynbrook gated community, the home provides enhanced security and privacy, which typically supports long-term property value and desirability.
Located just 0.28 miles from Howard E Heckethorn Elementary, which boasts a high rating of 8/10, making it an attractive option for families and ensuring strong future resale demand.
With a lot size of only 4,356 square feet for a 2,453 square foot home, the outdoor space is relatively limited, which may deter buyers seeking a large backyard or private garden.
Being tenant-occupied can complicate the viewing process for potential buyers and prevents immediate possession for owner-occupants who wish to move in upon closing.
Great for investors This Highly sought after property in the gated community of Lynnbrook, is very well priced and is ideally situated with easy access to a variety of shopping options and an array of dining venues, making it perfect for both residents and tenants alike. Currently occupied by a long-term tenant, this home this home has great income and appreciation potential!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,453 | - |
| Lot Size | 4,356 | - |
| Price | $475.0K | $474.8K |
| Price per sq ft | $194 | $257 |
| Built year | 2002 | 0 |
| HOA | $90 | $0 |
| Days on market | 512 | 526 |
Feb 25, 2025
$475,000
Initial Listing