8725 W Flamingo Road 142, Las Vegas, NV 89147, Las Vegas, 89147 - 2 bed, 2 bath
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Las Vegas, NV 89147
This Ground-Floor Investor Condo presents a High-Potential Investment Opportunity with a List Price of $274,900—positioned well below the $311,001 Fair Market Value by 11%. This valuation gap provides $36,101 in Instant Equity. While maintaining a Fair Condition Rating due to dated infrastructure, the unit offers a functional split floorplan, a covered patio, and immediate proximity to the community pool. With the seller open to creative financing and "subject to" terms, this asset is perfectly positioned for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8725 W Flamingo Road 142 Subject | $274,900* List Price | 2 | 2 | 1,156 | $269 | - |
A 8725 W Flamingo Road 201 Sold | $279,500 List Price | 2 | 2 | 1,038 | 0.0 mi | |
B 7950 FLAMINGO Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.9 mi |
C 8101 W Flamingo Road 1163 Sold | $240,000 | 2 | 2 | 1,042 | $230 | 0.8 mi |
D 7950 W Flamingo Road 2145 Sold | $239,000 | 2 | 2 | 1,023 | $234 | 0.9 mi |
E 8101 W Flamingo Road 1163 Sold | $240,000 | 2 | 2 | 1,042 | $230 | 0.8 mi |
F 8501 W University Avenue 1123 Sold | $269,000 List Price | 3 | 2 | 1,090 | 0.5 mi | |
G 8725 W Flamingo Road 110 Active | $277,500 List Price | 2 | 2 | 1,156 | $240 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, this property is 25 years old and lacks any mention of recent renovations or updates in the listing description. The property analysis specifically notes 'Dated Infrastructure Potential,' indicating that the kitchen, bathrooms, and mechanical systems are likely original or aged. While the exterior appears maintained, the home fits the criteria for 'fair' condition due to its age and the high probability of outdated interior features and components.
The seller's openness to creative financing and 'subject to' terms provides a significant advantage for investors looking for non-traditional acquisition strategies.
This first-level unit features assigned covered parking directly in front and is located just steps from the community pool and exercise room, offering maximum convenience.
The 1,156 sqft layout includes a primary bedroom separate from the second bedroom, providing optimal privacy that is highly desirable for roommates or small families.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9050, other record lot size in square feet = 2500.
The assigned middle and high schools carry ratings of 5 and 4 respectively, which may be a deterrent for families prioritizing high-performing educational districts.
Built in 1999 with no mention of recent renovations, the property may require cosmetic or mechanical updates to compete with newer or fully remodeled units in the area.
Attnetion Investors! Gated Condo in the southwest. Open floorplan. Seller open to creative financing, subject to, etc! Bring your best offer! Located on the 1st level. Covered patio w/outside storage. Primary bedroom separate from bedroom 2. Assigned covered parking located in front of unit. Pool and exercise room just a few feet form the unit. Close to shopping, schools and transportation
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 1.3 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 | 1,156 | 1,023 | 68% |
| Lot Size | 9,050 | 959 | 77% |
| Price | $274.9K | $239.0K | 65% |
| Price per sq ft | $238 | $231 | 56% |
| Built year | 1999 | 1999 | 50% |
| HOA | $165 | $200 | 27% |
| Days on market | 81 | 369 | 4% |
Jan 31, 2026
$274,900
Initial Listing