100 E 1st South St, Mesquite, NV 89027
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100 E 1st South St, Mesquite, NV 89027
100 E 1st South St, Mesquite, NV 89027
100 E 1st South St, Mesquite, NV 89027
100 E 1st South St, Mesquite, NV 89027
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Jonathan Donahue

Jonathan Donahue

+1(702) 350-5456
Listed by E. Shaun Caldwell Prime Properties Mesquite
$ 2,500,000
Est. payment /mo
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Active

100 E 1st South St Mesquite, NV 89027

24 Beds

12 Baths

10,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Resale Home, 4+ Units, HOA-No, Special Assessment-No

Listing Status Active

Purchase Type For Sale

Square Footage 10,800 sqft

Price per Sqft $231

Subdivision None (No Subdivision)

MLS Listing ID 1127401

Style 2 story above ground

Bedrooms 24

Year Built 2024

Annual Tax Amount $14,126

Lot Size 0.730 Acres

Property Sub-Type Resale Home, 4+ Units, HOA-No, Special Assessment-No

Property Description

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.

Location

State NV

County Clark

Community None (No Master Pud)

Area South Of I15

Zoning Multi-Family

Interior

Interior Features Ceiling Fans, Flooring- Carpet, Flooring- Laminate, Wheelchair Accessible, Vaulted Ceilings

Heating Electric, Forced Air/Central, Heat Pump

Cooling Central Air, Electric, Heat Pump

Appliance Dishwasher, Freezer, Garbage Disposal, Microwave, Refrigerator, W/D Hookups, Washer & Dryer, Water Heater- Electric, Oven/Range, Oven/Range- Electric

Exterior

Exterior Feature Corner Lot, Cul-de-sac, Landscape- Full, Sidewalks, Sprinklers- Drip System, View of City, View of Mountains

Utilities Available Satellite Dish, T.V. Antennae, Wired for Cable, Cable T.V., Water Source: City/Municipal, Internet: Cable/DSL, Internet: Satellite/Wireless, Legal Access: Yes, Sewer: Hooked-up, Phone: Land Line, Power: Line On Meter, Propane: Available, Garbage Collection, Phone: Cell Service, Phone: No Service, Power Source: City/Municipal

Roof Type Tile

Building

Foundation Slab on Grade

Architectural Style 2 story above ground

Schools

Elementary Schools Virgin Valley

Middle Schools Charles A. Hughes

High Schools Virgin Valley

Others

Virtual Tour https://www.propertypanorama.com/instaview-tour/1410892/NEW-NoHeadaches!-Fullyren

Jonathan Donahue

Jonathan Donahue

Agent | License ID: S.0204679.LLC

+1(702) 350-5456

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