7885 FLAMINGO Road 2120, Las Vegas, NV 89147, Las Vegas, 89147 - 2 bed, 2 bath
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Las Vegas, NV 89147
This Functional Rancho Viejo Condominium is listed at $269,000, offering a stable acquisition opportunity in a high-demand corridor near its $229,387 Fair Market Value. With a Condition Rating of 4, the unit features original 1997 finishes, presenting a clear Value-Add Opportunity for modernization and forced appreciation. Located within a mile of Spring Valley High School and Roger M Bryan Elementary, the property benefits from strong educational accessibility and consistent rental appeal. This asset is ideally suited for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into the Las Vegas market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7885 FLAMINGO Road 2120 Subject | $269,000* List Price | 2 | 2 | 934 | $246 | - |
A 7950 W Flamingo Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.5 mi |
B 7950 FLAMINGO Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.5 mi |
C 7950 W FLAMINGO Road 2145 Sold | $239,000 | 2 | 2 | 1,023 | $234 | 0.4 mi |
D 7950 W Flamingo Road 2145 Sold | $239,000 | 2 | 2 | 1,023 | $234 | 0.4 mi |
E 8501 W University Avenue 2078 Sold | $245,000 | 2 | 2 | 1,019 | $240 | 0.8 mi |
F 7885 W Flamingo Road 2005 Sold | $230,000 | 2 | 2 | 934 | $246 | 0.2 mi |
G 7885 W Flamingo Road 1101 Active | $229,000 List Price | 2 | 2 | 934 | $245 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is nearly 30 years old and appears to retain its original builder-grade finishes. The kitchen features dated white appliances and standard wood cabinetry from the era. While the unit seems functional and maintained, it lacks modern updates to the flooring, fixtures, and surfaces, fitting the criteria for a property that is aged but functional with no major recent renovations.
Situated in the Rancho Viejo subdivision, this property offers excellent access to local shopping, dining, and entertainment hubs in the desirable 89147 zip code.
With a functional 2-bedroom, 2-bathroom layout and a competitive price point, this unit is ideally positioned for consistent rental income or portfolio growth.
The property is conveniently located within a mile of both Spring Valley High School and Roger M Bryan Elementary, adding significant value for small families or long-term tenants.
At 934 square feet, the interior living space may feel restrictive for those seeking a more spacious residential feel compared to larger contemporary units.
Constructed in 1997, the unit may require cosmetic or mechanical updates to meet modern aesthetic standards and maximize its competitive market value.
GREAT FOR INVESTORS, 2 Bedroom 2 Bath condo in great location near shopping dining and entertainment!
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 934 | - |
| Lot Size | - | - |
| Price | $269.0K | $217.2K |
| Price per sq ft | $288 | $219 |
| Built year | 1997 | 0 |
| HOA | $219 | $0 |
| Days on market | 468 | 828 |
Apr 10, 2025
$269,000
Initial Listing