5650 E Sahara Avenue 1035, Las Vegas, NV 89142, Las Vegas, 89142 - 2 bed, 2 bath
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Las Vegas, NV 89142
This Tenant-Occupied Condominium serves as a stable Income-Generating Asset with a List Price of $195,000, compared to a $178,500 Fair Market Value. The property maintains a Condition Rating of 4 and features a Private Patio, a 2021 AC, and a 2022 Water Heater, reducing immediate capital expenditure. Located in a gated community with a pool and gym, it is zoned for Cyril Wengert Elementary and Las Vegas High School. Offering immediate cash flow with four-year tenants, this is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a low-maintenance rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5650 E Sahara Avenue 1035 Subject | $195,000* List Price | 2 | 2 | 958 | $186 | - |
A 5655 SAHARA Avenue 2046 Sold | $170,000 | 2 | 2 | 958 | $177 | 0.2 mi |
B 5655 E Sahara Avenue 2046 Sold | $170,000 | 2 | 2 | 958 | $177 | 0.2 mi |
C 5655 SAHARA Avenue 2046 Sold | $170,000 | 2 | 2 | 958 | $177 | 0.2 mi |
D 5650 E Sahara Avenue 1010 Sold | $142,000 | 2 | 2 | 958 | $148 | 0.1 mi |
E 6170 E Sahara Avenue 1012 Sold | $222,500 | 2 | 2 | 1,047 | $213 | 0.7 mi |
F 6170 E Sahara Avenue 1111 Sold | $230,000 | 2 | 2 | 1,047 | $220 | 0.6 mi |
G 5650 E Sahara Avenue 1039 Active | $180,000 List Price | 2 | 2 | 958 | $188 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, this 23-year-old property is well-maintained but shows signs of being outdated, consistent with the 'fair' criteria. While it benefits from recent mechanical updates including a new AC (2021) and water heater (2022), the interior images reveal older carpeting with visible wear and basic, dated appliances and fixtures. It remains functional and tenant-occupied but lacks the modern renovations required for a higher rating.
The property features reliable tenants of over four years, providing a turnkey opportunity for investors seeking stable, immediate cash flow without vacancy concerns.
With a new AC installed in 2021 and a water heater in 2022, the unit minimizes near-term capital expenditure risks and improves energy efficiency.
The ground-floor location offers easy access and convenience, while the gated community provides desirable amenities including a pool, spa, and exercise room.
The $400 monthly association fee is relatively high compared to the listing price, which may impact the overall net return on investment.
The assigned middle school has a low rating of 2/10, which could limit the property's appeal to families and affect long-term resale value.
This well-maintained 2-bedroom, 2-bath condo is a prime investment opportunity, located within a secure, gated community. With tenants who have occupied the unit for over 4 years, this property offers immediate rental income. Recent updates include a new AC installed in 2021 and a water heater installed in 2022, ensuring long-term value. The community boasts a range of amenities, including a pool, spa, and exercise room, offering residents a comfortable and convenient lifestyle. Situated on the lower level, this unit provides easy access to all the community has to offer. Don’t miss out on this great investment opportunity!
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 958 | 958 | 50% |
| Lot Size | 8,829 | 2,100 | 91% |
| Price | $195.0K | $157.0K | 70% |
| Price per sq ft | $204 | $177 | 87% |
| Built year | 2002 | 2001 | 57% |
| HOA | $400 | $200 | 96% |
| Days on market | 396 | 1561 | 39% |
Mar 22, 2025
$195,000
Initial Listing