5107 Greene Lane L/B, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
5107 Greene Lane L/B
Las Vegas, NV 89119
Property Price
SUMMARY
Analysis of 5107 Greene Lane L/B, Las Vegas, NV 89119 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.
Although built in 1977, the property has undergone an extensive recent renovation making it move-in ready. The interior features updated wood-look flooring, a modernized kitchen with stainless steel appliances and stone countertops, and refreshed bathroom fixtures. The listing also notes a newer AC unit and roof, indicating that major systems are well-maintained and within their functional lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
The property is renovated, inspected, and includes six months of free professional management and investor counseling, making it an ideal entry-level rental asset.
- Enhanced Security and Amenities
The unit is located within a guard-gated community and features a rare attached garage, providing significant value and safety for a one-bedroom condominium.
- Strategic Location
Situated near UNLV, the property benefits from a high-demand rental market driven by students and faculty, ensuring strong long-term occupancy potential.
CONSRISKS & DEFICIENCIES
- Tenant Occupancy Constraints
The property is currently tenant-occupied, which may limit immediate possession for owner-occupants and complicate the scheduling of property tours.
- Transactional Uncertainty
The listing is subject to escrow cancellation, suggesting potential instability in the current sale process or previous contractual hurdles that buyers should investigate.
About 5107 Greene Lane L/B
TENENT OCCUPIED. GUARD GATED AND WITH AN ATTACHED GARAGE!!! THERE IS NO BETTER 1ST INVESTMENT PROPERTY IN LAS VEGAS!!! 1 bedroom loft near UNLV. Buyer to receive 6 months free professional management and investor counseling. Seller is former hoa board member. RENOVATED, INSPECTED AND READY!!! Newer AC unit, & roof. Subject to escrow cancellation.
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
- $240 / Month
Neighborhood Insights
Las Vegas Unified Schools
Gene Ward Elementary School
Grades PK-5 • 0.6 mi
Jack Dailey Elementary School
Grades PK-5 • 0.8 mi
Helen C Cannon Junior High School
Grades 6-8 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 22% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 702 | 962 | 23% |
| Lot Size | - | 724 | 43% |
| Price | $155.0K | $125.0K | 60% |
| Price per sq ft | $221 | $167 | 90% |
| Built year | 1977 | 1980 | 43% |
| HOA | $240 | $215 | 53% |
| Days on market | 567 | 439 | 56% |
Pricing History
Listed for Sale
Aug 17, 2024
$155,000
Initial Listing