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$2,500,000
MLS #:
1127401
Beds:
24
Baths:
12
Sq. Ft.:
10800
Lot Size:
0.73 Acres
Yr. Built:
2024
Type:
Multi-Family
Multi Family - Resale Home, 4+ Units, HOA-No, Special Assessment-No
Tax/APN #:
00116702001
Taxes/Yr.:
$14,126
Area:
South of I15
Community:
None (No Master PUD)
Subdivision:
None (No Subdivision)
Address:
100 E 1st South St
Mesquite, NV 89027
NEW - No Headaches! - Fully rented 12 units - NICE!
12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking. New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses 4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow increases. Could self manage at expiration of current management agreement with ERA Brokers and bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management. 100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking, and off the main streets for a quieter location than many. Still room to improve it more. Picture adding security gates, carports, or a pool area or other recreational amenities. Incredible investment opportunity! Please do not disturb tenants.
Interior Features:
Ceiling Fans
Cooling: Central Air
Cooling: Electric
Cooling: Heat Pump
Flooring- Carpet
Flooring- Laminate
Heating: Electric
Heating: Forced Air/Central
Heating: Heat Pump
Vaulted Ceilings
Exterior Features:
4+ Units
Construction: Stucco
Corner Lot
Cul-de-sac
Foundation: Slab on Grade
Landscape- Full
Roof: Tile
Sidewalks
Sprinklers- Drip System
View of City
View of Mountains
Appliances:
Dishwasher
Freezer
Garbage Disposal
Microwave
Oven/Range
Oven/Range- Electric
Refrigerator
W/D Hookups
Washer & Dryer
Water Heater- Electric
Other Features:
HOA-No
Legal Access: Yes
Resale Home
Special Assessment-No
Style: 2 story above ground
Wheelchair Accessible
Utilities:
Cable T.V.
Garbage Collection
Internet: Cable/DSL
Internet: Satellite/Wireless
Phone: Cell Service
Phone: Land Line
Phone: No Service
Power Source: City/Municipal
Power: Line On Meter
Propane: Available
Satellite Dish
Sewer: Hooked-up
T.V. Antennae
Water Source: City/Municipal
Wired for Cable
Listing offered by:
E. Shaun Caldwell - License# B.0143955.LLC with Prime Properties Mesquite - (702) 701-3326.
Map of Location:
Data Source:
Listing data provided courtesy of: Mesquite Nevada MLS (Data last refreshed: 02/20/26 10:21pm)
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Notice & Disclaimer: Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. All information (including measurements) is provided as a courtesy estimate only and is not guaranteed to be accurate. Information should not be relied upon without independent verification.
Notice & Disclaimer: Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. All information (including measurements) is provided as a courtesy estimate only and is not guaranteed to be accurate. Information should not be relied upon without independent verification.
More Information
Joan Fitton,
License# BS.145958
License# BS.145958
If you have any questions about any of these listings or would like to schedule a showing, please call me at 702-757-8306 or click below to contact me by email.
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