5650 E Sahara Avenue 1035, Las Vegas, NV 89142, Las Vegas, 89142 - 2 bed, 2 bath
5650 E Sahara Avenue 1035
Las Vegas, NV 89142
Property Price
SUMMARY
Analysis of 5650 E Sahara Avenue 1035, Las Vegas, NV 89142 is currently available with a list price of $195,000. 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.
The property was built in 2002 (23 years ago), placing it in the 'fair' category based on age and lack of recent comprehensive interior renovations. While the AC (2021) and water heater (2022) are excellent functional upgrades, the kitchen and bathrooms appear to retain original or older finishes consistent with the early 2000s. The unit is well-maintained and suitable for its current use as a rental, but the aesthetic components and fixtures are aged and show signs of being outdated compared to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
With reliable tenants in place for over four years, this property serves as a turnkey investment offering immediate cash flow and a proven rental history.
- Recent Mechanical Upgrades
The replacement of the AC unit in 2021 and the water heater in 2022 reduces the likelihood of near-term capital expenditures for the new owner.
- Ground-Floor Accessibility
The unit's lower-level location provides convenient, stair-free access, which is highly desirable for a wide range of tenants and enhances ease of use for community amenities.
CONSRISKS & DEFICIENCIES
- High Association Fees
The $400 monthly HOA fee is relatively high compared to the listing price, which may impact the net return on investment and overall monthly affordability.
- Underperforming School District
The property is zoned for schools with lower performance ratings, specifically a 2/10 for the middle school, which may limit appeal for families and affect long-term appreciation.
About 5650 E Sahara Avenue 1035
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2002
- Lot Size
- 8,829 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400 / Month
Neighborhood Insights
Las Vegas Unified Schools
Cyril Wengert Elementary School
Grades PK-5 • 0.5 mi
Duane D Keller Middle School
Grades 6-8 • 1.6 mi
Las Vegas High School
Grades 9-12 • 1.0 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 | 958 | 958 | 50% |
| Lot Size | 8,829 | 2,147.5 | 86% |
| Price | $195.0K | $164.5K | 57% |
| Price per sq ft | $204 | $175 | 75% |
| Built year | 2002 | 2001 | 54% |
| HOA | $400 | $222 | 89% |
| Days on market | 350 | 367 | 50% |
Pricing History
Listed for Sale
Mar 22, 2025
$195,000
Initial Listing