717 Cragin Park Drive, Las Vegas, NV 89107, Las Vegas, 89107 - 7 bed, 3 bath
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Las Vegas, NV 89107
This High-Yield Residential Asset is a Prime Investment Opportunity, listed at $460,000—positioned well below the $561,532 Fair Market Value by 18%. This valuation gap provides $101,532 in Instant Equity. Boasting a Condition Rating of 3, the home features a Modernized Kitchen and a Private Pool, currently generating $4,500 monthly rent via a secured non-profit tenant. The 7-bedroom layout maximizes occupancy potential in a high-demand area with no HOA. This is a premier acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 717 Cragin Park Drive Subject | $460,000* List Price | 7 | 3 | 2,556 | $220 | - |
A 401 Horn Street Active | $435,000 List Price | 5 | 2 | 2,535 | $172 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property has undergone significant modernization despite its 1974 build date. The kitchen is updated with contemporary white cabinetry, stone countertops, and stainless steel appliances. The interior features updated tile flooring throughout and modern recessed lighting. The exterior has been refreshed with a modern paint scheme and high-quality pavers, making the home move-in ready and well-maintained.
The property generates a high monthly rental income of $4,500 with a stable non-profit tenant secured through December 2026, offering an immediate and impressive return on investment.
With 7 spacious bedrooms and multiple living areas in a tri-level floor plan, this home provides rare high-occupancy utility that is ideal for group housing or large families.
The home features a gourmet kitchen with sleek cabinetry and stainless steel appliances, along with contemporary finishes that enhance its marketability and reduce immediate renovation needs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
Built in 1974, the property may require more frequent maintenance or future capital expenditures on aging structural systems compared to newer builds.
The ratio of 7 bedrooms to only 3 bathrooms may create logistical challenges for high-occupancy living and lead to accelerated wear and tear on the plumbing fixtures.
Amazing cash flow investment opportunity. Discover this tri-level home nestled in one of Las Vegas’s most soughtafter communities with an amazing tenant rented out for $4,500/M until December of 2026. Tenant pays all utilities. The tenant is a non profit and would like to continue the lease after December. Featuring 7 spacious bedrooms, 3 bathrooms, and 2,556 sq. ft. of living space on a 6,534 sq. ft. lot. Step inside to an open, light-filled floor plan designed for both relaxation and entertaining. The gourmet kitchen shines with sleek cabinetry, stainless steel appliances, and contemporary finishes; an ideal space for cooking and gathering. Multiple living areas offer flexibility for family living, a home office, or guest accommodations. Step through the sliding glass doors to a spacious backyard with an XL sparkling pool. The pool is currently covered for safety. 3D walk through tour available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 99% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,556 | 1,656.5 | 90% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $460.0K | $359.9K | 88% |
| Price per sq ft | $180 | $223 | 31% |
| Built year | 1974 | 1963 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 287 | 1% |
Apr 7, 2026
$460,000
Initial Listing
Sep 20, 1996
$133,500
Public Record