4980 Indian River Drive 445, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
4980 Indian River Drive 445
Las Vegas, NV 89103
Property Price
SUMMARY
Analysis of 4980 Indian River Drive 445, Las Vegas, NV 89103 is currently available with a list price of $155,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While the property was built in 1982, the interior has been updated with granite countertops and custom cabinetry in the kitchen, moving it beyond the 'fair' category. The unit is move-in ready, well-maintained, and currently occupied by a tenant, indicating that major systems are functional and the aesthetic meets modern rental standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
This property is an ideal turnkey investment with a long-term tenant already in place paying $1,405 per month, providing immediate cash flow and a strong cap rate.
- Prime Central Location
The unit is perfectly situated minutes from the Las Vegas Strip, airport, and major freeways, ensuring high tenant demand and long-term desirability.
- Comprehensive Amenities & Security
Residents benefit from a guard-gated community featuring a pool, spa, tennis courts, and a clubhouse, with an HOA fee that conveniently covers water, sewer, and trash.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1982, the property may require more frequent maintenance or future capital improvements compared to newer condominium developments.
- Limited Square Footage
At 700 square feet, the compact one-bedroom layout may limit the appeal for couples or those requiring additional space for a home office or storage.
About 4980 Indian River Drive 445
GREAT INVESTMENT!...very nice 1br, 1ba downstairs unit...long-term tenant paying $1,405/mo...all appliances, granite counters, custom cabinets...HOA includes water, sewer, trash...pool, spa, tennis, clubhouse, security guard-gated...Central location, minutes to Strip, airport, freeway, shopping, restaurants, & more!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 6,229 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $242 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.5 mi
Kenny C Guinn Middle School
Grades 6-8 • 1.2 mi
Grant Sawyer Middle School
Grades 6-8 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 34% |
| Baths | 1.0 | 2.0 | 45% |
| Square foot | 700 | 884 | 28% |
| Lot Size | 6,229 | 700 | 91% |
| Price | $155.0K | $155.2K | 50% |
| Price per sq ft | $221 | $197 | 75% |
| Built year | 1982 | 1984 | 42% |
| HOA | $242 | $195 | 74% |
| Days on market | 183 | 655 | 21% |
Pricing History
Listed for Sale
Sep 5, 2025
$155,000
Initial Listing