2252 Ellis Street
Property Description
2252 Ellis is an exceptional value-add investment opportunity with a current 6.0% cap rate and an estimated 8.5% pro forma cap rate, offering immediate cash flow and strong upside potential. Major capital improvements include a new roof (2020), 100-gallon water heater (2023), gas line replacement (2024), and owned coin-operated laundry (2025). Each unit features remodeled kitchens, upgraded plumbing, regularly serviced A/C units, and energy-efficient double-pane windows. Tenants have access to private exterior storage, a large shared storage building, and an on-site community laundry room. Conveniently located near Carey Ave. and Mojave Rd., within walking distance of the North Las Vegas Police Department and Fire Station, this well-maintained property is positioned for both stable returns and future appreciation.
Broker Details
Simply Vegas (702) 568-6800
MLS ID: 215554 State License Number: S.0070366
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $640,000 |
| No. of Units: | 4 |
| Year Built: | 1963 |
| Lot Size: | 3,008.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $160,000 |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-GLVARNV-2803224
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