1956 Cosmic Drive, Las Vegas, NV 89115
- $625,000
- 3,212
- SqFt
- Sold Price
- $625,000
- List Price
- $625,000
- Closing Date
- Apr 23, 2025
- Status
- CLOSED
- MLS#
- 2665853
- Living Area
- 3,212
- Lot Size
- 7,405
Property Description
Invest in a well-maintained, professionally managed fourplex in Lake Mead Villas, a secure, planned community with mature landscaping, playground and pool. Built in 1987 with a Cape Cod design, it’s ideally located in Northeast Las Vegas near major employers such as Amazon distribution centers, the VA Hospital, Nellis AFB, schools, and public transit—ensuring strong rental demand. This 3,212 SqFt property features four spacious 2-bed, 1-bath units, each with a large living room, fireplace, dining area off the kitchen, and private laundry room with a refrigerator, washer, dryer, and dishwasher included. Updated, the property offers LVP floors, fresh paint, newer appliances, shower enclosures, blinds, and new fireplace enclosures. With long-term tenants, this property generates steady income at a 6.77% CAP rate, with potential to exceed 7% at the next lease renewal. HOA fees cover trash, sewer, exterior upkeep (roof/stairs), landscaping, common utilities, and pool access.
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Additional Information
- Subdivision
- Lake Mead Villas
- Zip
- 89115
- Elementary School 3-5
- Living Area
- 3,212
- Flooring
- Carpet, Ceramic Tile, Tile
- Lot Size
- 7,405
- Acres
- 0.17
- Property Condition
- Resale, Very Good Condition
- Interior Features
- Window Treatments
- Heating
- Central, Electric
- Cooling
- Central Air
- Construction
- Wood Frame
- Year Built
- 1987
- Bldg Desc
- Fourplex
- Parking
- Alley Access, Paved
- Heating
- Central, Electric
- Cooling
- Central Air
- Appliances
- Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer
- Sewer
- Public Sewer
- Association Fee
- Yes
- HOA Fee Includes
- Maintenance Grounds, Recreation Facilities
- Community Features
- Playground, Pool
- Annual Taxes
- $2,133
- Financing Considered
- Conventional
Mortgage Calculator
Courtesy of Catherine Hyde with Simply Vegas. Selling Office: Keller Williams VIP.
LVR MLS deems information reliable but not guaranteed.
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