The Hyde Real Estate group is pleased to present the Lirio Apartments. Seize a strong cash-flowing investment in the high-demand Northwest Las Vegas submarket. This fully occupied fourplex, constructed in 1984, features four spacious 2-bedroom, 2-bath units, each thoughtfully equipped with in-unit laundry, private storage, and a fireplace—ideal for attracting long-term tenants.
The property is currently generating $6,005/month in rental income, with upside potential through market rent adjustments. At full market rents of $6,600/month, investors can expect the CAP rate to improve from 6.92% to a healthy 7.32%. With minimal adjustments needed to achieve proforma performance, this asset presents a compelling opportunity for value optimization.
Located near Summerlin, tenants enjoy excellent access to shopping, dining, entertainment, and major transit routes—ensuring high occupancy and consistent demand. Professionally managed, this is a hands-off, income-generating asset with long-term appreciation potential in one of Las Vegas’s most stable rental corridors.