5408 Swenson Street 2, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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Las Vegas, NV 89119
This Investor-Focused Condominium serves as a strategic Value-Add Asset listed at $120,000, positioned relative to its $74,684 Fair Market Value. Marketed as an "investor special," the property carries a Condition Rating of 5 and requires a comprehensive overhaul to address deferred maintenance and dated interiors. Its primary strength lies in a Strategic Location near UNLV, the Las Vegas Strip, and Harry Reid International Airport, ensuring consistent rental demand. Featuring a covered patio and proximity to Jack Dailey Elementary, this unit is an ideal acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5408 Swenson Street 2 Subject | $120,000* List Price | 2 | 2 | 862 | $87 | - |
A 5195 Golden Lane K Sold | $148,990 List Price | 2 | 3 | 1,070 | 0.5 mi | |
B 1337 Dorothy Avenue 3 Sold | $155,000 | 2 | 1 | 880 | $176 | 1.0 mi |
C 5156 Gray Lane F Sold | $105,000 | 1 | 1 | 702 | $150 | 0.4 mi |
D 5248 GREENE Lane K Sold | $110,000 | 2 | 2 | 1,070 | $103 | 0.4 mi |
E 5167 Greene Lane L Sold | $110,000 | 1 | 1 | 702 | $157 | 0.5 mi |
F 5422 Swenson Street 0 Active | $147,000 List Price | 2 | 2 | 862 | $171 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976, this property is marketed as an 'investor special' and exhibits significant deferred maintenance. While the listing mentions fresh paint, the carpets throughout the unit are severely stained and soiled, requiring immediate replacement. The kitchen and bathrooms are dated with original-style cabinetry and older appliances. Furthermore, the exterior shows signs of neglect, including weathered wood railings and stained surfaces, indicating the property requires substantial rehabilitation to be comfortable and move-in ready.
The property is ideally situated near UNLV, Harry Reid International Airport, and the Las Vegas Strip, ensuring high rental demand from students and hospitality professionals.
Priced competitively at $120,000 for a 2-bedroom, 2-bathroom configuration, this unit offers an accessible entry point for investors looking for a high-yield opportunity.
The interior features fresh paint completed within the last three months and includes a covered patio, reducing immediate turnover costs for a new owner.
Built in 1976, the unit may require ongoing maintenance or updates to major systems to meet modern efficiency standards and tenant expectations.
The $310 monthly association fee is relatively high in proportion to the listing price, which may impact the overall net cash flow for an investment portfolio.
Investor special! It's conveniently located near UNLV, the Harry Reid Airport and the Las Vegas Strip. 2 Bedroom and 2 Bath with fresh paint in the last 3 months. Has a covered patio off the living room, come see this unit!
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades PK-5 • 1.2 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 51% |
| Square foot | 862 | 880 | 47% |
| Lot Size | 4,451 | - | 86% |
| Price | $120.0K | $110.0K | 57% |
| Price per sq ft | $139 | $162 | 44% |
| Built year | 1976 | 1983 | 24% |
| HOA | $310 | $175 | 93% |
| Days on market | 134 | 1510 | 8% |
Dec 9, 2025
$120,000
Initial Listing