
Las Vegas, NV 89147
This property represents a High-Potential Investment Opportunity, listed at a List Price of $518,000—positioned above the $493,549 Fair Market Value. While the property currently trades at a premium, it offers a stable, turnkey Asset with a long-term tenant secured through 2029. Featuring a 4-bedroom, 3-bathroom layout with a convenient main-level bedroom, the home maintains a Condition Rating of 4. This is a reliable, low-overhead acquisition ideal for Buy-and-Hold Investors or Passive Income Seekers prioritizing immediate cash flow over short-term equity gains.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9859 Erins Grove Court Subject | $518,000* List Price | 4 | 3 | 2,447 | $206 | - |
A 4378 Mangrove Bay Street Sold | $505,000 | 3 | 3 | 2,447 | $206 | 0.5 mi |
B 4788 San Marcello Street Sold | $440,000 | 3 | 3 | 1,731 | $254 | 0.3 mi |
C 9917 Canyon Peak Drive Active | $507,777 List Price | 4 | 3 | 2,454 | $207 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 21 years old and retains its original builder-grade finishes. The kitchen and bathrooms feature dated oak cabinetry, laminate countertops, and older white appliances. While functional and currently leased, the home is over the 20-year threshold and requires cosmetic updates to meet modern standards.
The property is a turnkey investment with a quality long-term tenant secured through March 2029, ensuring immediate and consistent cash flow for the next several years.
The 2,447 sq ft layout includes a highly desirable main-level bedroom, increasing its appeal for multi-generational living or tenants seeking accessibility.
With an exceptionally low HOA fee of only $33 per month and the tenant responsible for all utilities, the property offers minimized overhead for the owner.
The current rent of $1,950 on a $518,000 list price represents a relatively low gross yield, which may not meet the ROI requirements of aggressive investors in the current market.
The 'as-is' sale condition combined with a 'do not disturb occupants' policy limits initial physical due diligence and may hide potential deferred maintenance issues.
Turnkey investment opportunity in an established southwest Las Vegas community. Fully leased single-family home with a quality long-term tenant in place through 3/31/29 at $1,950/mo; tenant pays all utilities. 4 bed / 3 bath, 2,447 sq ft, 2-car garage, with all 4 bedrooms conveniently located on the main level. HOA $33/mo. Part of a 12-home Las Vegas SFR portfolio offered for bulk purchase; seller may consider an individual offer. Buyer must have written offer + POF on file prior to any showing. Full portfolio package and rent roll available from listing agent. Do not disturb occupants. Showings by appointment with proper NRS 118A notice. Offered as-is; seller makes no representations regarding future tenancy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,447 | 1,961.945 |
| Lot Size | 3,920 | 6,098 |
| Price | $518.0K | $486.0K |
| Price per sq ft | $212 | $259 |
| Built year | 2003 | 2002 |
| HOA | $33 | $83 |
| Days on market | 96 | 62 |
Jun 5, 2026
$518,000
Initial Listing
Aug 18, 2014
$237,000
Public Record