2252 Ellis St - Apartments FOR SALE


North Las Vegas, NV 89030- Downtown North Las Vegas
$640,000 USD
702-408-2289
2252 Ellis St, North Las Vegas, NV for Sale
$640,000 USD
Apartments - FOR SALE
1/14
null | 5.95% Cap Rate

2252 Ellis St
North Las Vegas, NV 89030
Downtown North Las Vegas


HIGHLIGHTS

  • 8.5% Pro Forma Cap Rate
  • Major Capital Improvements: Roof (2020), Water Heater (2023), Gas Line (2024)
  • Remodeled Kitchens & Upgraded Plumbing
  • Owned Coin-Operated Laundry (2025) for Additional Income
  • Private Tenant Storage + Large Shared Storage Building
  • Double-Pane Windows & Regularly Serviced A/C Units

OVERVIEW

Hyde Real Estate Group is pleased to present 2252 Ellis. This property 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.

FOR SALE DETAILS

PRICE

$640,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

4

PRICE/UNIT

$160,000

CAP RATE

5.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-3

APN/PARCEL ID

139-24-110-260

ASK ABOUT THIS PROPERTY

Catherine HydeHyde Real Estate Group at Simply VegasMore Info
702-408-2289

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Catherine HydeHyde Real Estate Group at Simply VegasMore Info
702-408-2289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.