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$ 1,250,000
Est. payment /mo
New
596 W Fisher LN Indian Springs, NV 89018
1.64 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2748790
HOA Y/N No
Annual Tax Amount $886
Lot Size 1.640 Acres
Acres 1.64
Property Description
Offered for sale is a stabilized rental investment in Indian Springs, NV, located directly across from Creech Air Force Base, providing consistent tenant demand supported by military employment. The property consists of seven (7) fully occupied modular homes generating $122,400 in annual Net Operating Income and is offered at a 10% cap rate with 100% occupancy. The unit mix includes four newer 3-bedroom/2-bath homes, two remodeled 2-bedroom/2-bath homes, and one 2-bedroom/1-bath Musk-style small home. All units are owned and convey with the sale, providing immediate cash flow. The modular homes are not converted to real property, resulting in very low property taxes of approximately $500 per home annually. Conversion is optional at an estimated $10,000 per unit. Situated on approximately 1.64 acres, the property is zoned for up to 22 units, with two newly installed pads allowing for near-term expansion. Turn-key, high-yield investment with strong in-place income and upside potential.
Location
State NV
County Clark
Zoning Mobile Homes
Direction US 95 N towards Reno. L on MacFarland Ave. R on Fisher
Interior
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools ,
Others
Tax ID 059-08-701-007
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Virtual Tour https://www.propertypanorama.com/instaview/las/2748790
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Listed by Cody Trevor Corio • LPT Realty, LLC