5422 Swenson Street 0, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
5422 Swenson Street 0
Las Vegas, NV 89119
Property Price
SUMMARY
Analysis of 5422 Swenson Street 0, Las Vegas, NV 89119 is currently available with a list price of $147,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1976, this property is aged but functional, fitting the 'fair' criteria. The interior features dated kitchen cabinetry, older appliances, and basic light fixtures that show their age. While the unit is well-maintained enough to be currently occupied by tenants, the flooring and bathroom finishes lack modern updates and reflect a style from several decades ago without recent comprehensive renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
The property is ideally situated near UNLV, the Las Vegas Strip, and Harry Reid International Airport, making it highly attractive for students, hospitality workers, and airport personnel.
- Ground-Floor Accessibility
As a downstairs unit with a large parking area located directly outside the front door, the condo offers exceptional convenience and ease of access for residents.
- Turnkey Investment Potential
Currently rented and priced under $150,000, this unit represents a strong entry-level investment opportunity, particularly for those looking to participate in a 1031 exchange.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1976, the property may require more frequent maintenance and lacks the modern energy efficiencies and contemporary finishes found in newer developments.
- Underperforming School District
The assigned public schools have relatively low ratings, which may limit the property's appeal to families and impact long-term appreciation compared to other neighborhoods.
About 5422 Swenson Street 0
2 bedroom 2 full bath condo adjacent to airport but with minimal airport noise due to not being in direct flight path. Great location for workers at the airport, UNLV or Strip. Downstairs unit with large parking area outisde door to condo. Living and kitchen at front door. Separate laudry facilities. Seller would like to do a $1,067,900 Section 1031 sale with MLS# 2670865, 2732149, 2732150 and 2732151. 4 condos and one townhouse for a total of five units, all rented out.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $210 / Month
Neighborhood Insights
Las Vegas Unified Schools
Gene Ward Elementary School
Grades PK-5 • 0.8 mi
Jack Dailey Elementary School
Grades PK-5 • 1.2 mi
Helen C Cannon Junior High School
Grades 6-8 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 862 | 962 | 38% |
| Lot Size | - | 724 | 43% |
| Price | $147.0K | $125.0K | 59% |
| Price per sq ft | $171 | $167 | 53% |
| Built year | 1976 | 1980 | 33% |
| HOA | $210 | $215 | 49% |
| Days on market | 591 | 439 | 56% |
Pricing History
Listed for Sale
Jul 24, 2024
$147,000
Initial Listing
Sold
Jun 3, 1998
$30,000
Public Record
Sold
May 31, 1995
$26,500
Public Record