5107 Greene Lane L/B, 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 $155,000, positioned relative to a $128,490 Fair Market Value reflecting market demand for turnkey university housing. Boasting a Condition Rating of 4, the loft includes a newer AC unit, newer roof, and a rare attached garage within a guard-gated community. Located minutes from UNLV and served by Jack Dailey Elementary School, the property is tenant-occupied, offering immediate cash flow and professional management incentives. This is an ideal stabilized acquisition for Buy-and-Hold Investors or first-time buyers seeking a secure, university-adjacent investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5107 Greene Lane L/B Subject | $155,000* List Price | 1 | 1 | 702 | $183 | - |
A 5167 Greene Lane L Sold | $110,000 | 1 | 1 | 702 | $157 | 0.1 mi |
B 5167 Greene Lane L Sold | $110,000 | 1 | 1 | 702 | $157 | 0.1 mi |
C 5167 Greene Lane L Sold | $110,000 | 1 | 1 | 702 | $157 | 0.1 mi |
D 1300 Lorilyn Avenue 1 Sold | $193,000 List Price | 2 | 1 | 800 | 0.5 mi | |
E 1337 Dorothy Avenue 3 Sold | $155,000 | 2 | 1 | 880 | $176 | 0.5 mi |
F 1467 HIALEAH Drive D Sold | $163,000 | 2 | 2 | 976 | $167 | 0.7 mi |
G 5125 Gray Lane B Active | $159,900 List Price | 1 | 1 | 702 | $228 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property has received some significant updates including a newer AC unit and roof. However, while the listing claims it is renovated and ready, the interior images show at least one room with an unfinished subfloor, indicating that minor repairs and flooring installation are still required to make the unit move-in ready.
The property is tenant-occupied and located near UNLV, offering immediate cash flow along with six months of free professional management and investor counseling.
Rare for a one-bedroom condo, this unit includes an attached garage and is situated within a guard-gated community, enhancing both security and convenience.
With a newer AC unit, a newer roof, and recent renovations, the property is positioned to minimize immediate capital expenditures for the new owner.
The listing is noted as subject to escrow cancellation, which may indicate potential complications or instability in the current closing process.
At only 702 square feet, the compact loft layout offers limited living space, which may restrict its appeal to a smaller demographic of potential occupants.
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.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 0.8 mi
Grades 6-8 • 1.6 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 | 702 | 880 | 34% |
| Lot Size | - | - | 50% |
| Price | $155.0K | $110.0K | 71% |
| Price per sq ft | $221 | $167 | 93% |
| Built year | 1977 | 1983 | 34% |
| HOA | $240 | $175 | 67% |
| Days on market | 613 | 1510 | 40% |
Aug 17, 2024
$155,000
Initial Listing