
Henderson, NV 89015
This High-Potential Investment Opportunity is listed at a List Price of $212,500, positioned slightly above the $211,943 Fair Market Value. As a Turnkey Asset with a Condition Rating of 2, this ground-floor condo features a recent remodel, including a new kitchen and 4-year-old HVAC system. The property is currently fully leased, providing immediate rental income. With proximity to the highly-rated Gordon Mccaw Elementary School and community amenities like a pool, this is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 520 Arrowhead Trail 1411 Subject | $212,500* List Price | 2 | 2 | 1,019 | $208 | - |
A 520 Arrowhead Trail 1314 Sold | $195,000 | 2 | 2 | 1,019 | $191 | 0.0 mi |
B 698 South Racetrack Road 1614 Sold | $220,000 | 2 | 2 | 1,151 | $191 | 0.5 mi |
C 698 S Racetrack Road 724 Sold | $244,000 | 2 | 2 | 1,151 | $212 | 0.4 mi |
D 520 Arrowhead Trail 221 Active | $225,000 List Price | 2 | 2 | 1,019 | $221 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent remodel (within 5 years) including a new kitchen, updated bathrooms, and new flooring throughout. With a 4-year-old HVAC system and turnkey interior, it meets the criteria for mint condition with no immediate maintenance required.
Elementary School: Gordon Mccaw Elementary School (9/10).
The property is fully remodeled with a newer HVAC system and is already leased, providing immediate rental income and minimal initial maintenance costs for investors.
As a ground-floor unit with an open floor plan, it offers superior accessibility and convenience, appealing to a wider demographic of tenants and future buyers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5836, other record lot size in square feet = 2550.
The $343 monthly association fee is a significant recurring expense that may compress the net operating income and overall yield for an investor.
While the elementary school is highly rated, the middle and high schools have lower ratings (4 and 5), which could limit long-term appeal for families with older children.
Calling all investors! Don’t miss this beautifully remodeled 2-bedroom, 2-bath ground-floor condo in Henderson. This spacious residence features an open and functional floor plan with extensive updates throughout, including new flooring, baseboards, a remodeled kitchen, and updated bathrooms. Ideally located near shopping, dining, everyday conveniences, and freeway access, with shops within walking distance. Community amenities include a clubhouse and refreshing pool. Best of all, the property is fully leased, offering immediate rental income and making it an excellent opportunity for an investor or potential 1031 exchange. A remodeled, income-producing Henderson condo at a fantastic price—don’t miss this opportunity!
No exterior & parking available.
Grades PK-5 • 1.4 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,019 | 1,151.889 |
| Lot Size | 5,836 | 5,607.667 |
| Price | $212.5K | $268.4K |
| Price per sq ft | $209 | $230 |
| Built year | 1996 | 1998 |
| HOA | $343 | $290 |
| Days on market | 30 | 90 |
Aug 10, 2026
$212,500
Initial Listing