1920 Lirio Way, Las Vegas, NV 89108

$795,000
3,892
SqFt
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Sold Price
$795,000
List Price
$799,999
Closing Date
Aug 11, 2025
Status
CLOSED
MLS#
2692240
Living Area
3,892
Lot Size
6,970
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(702) 400-7100

Property Description

Fully occupied and professionally managed, this turnkey fourplex in Northwest Las Vegas offers four spacious 2-bed, 2-bath units, each with in-unit laundry, fireplaces, and private storage. The property currently generates $6,005 in monthly rental income, with upside potential to $6,600/month through market rent adjustments, increasing the CAP rate from 6.92% to 7.32%. Built in 1984 and requiring minimal updates, this is a low-maintenance, high-demand asset positioned for value optimization. Located near Summerlin, tenants benefit from convenient access to shopping, dining, entertainment, and major transit routes. With strong cash flow and long-term appreciation potential, this is a rare opportunity in one of Las Vegas’s most stable rental corridors.

(702) 400-7100
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Additional Information

Subdivision
Sierra Oeste
Zip
89108
Elementary School 3-5
Living Area
3,892
Flooring
Tile
Lot Size
6,970
Acres
0.16
Property Condition
Resale, Very Good Condition
Interior Features
Storage
Heating
Central, Gas
Cooling
Central Air
Construction
Stucco
Year Built
1984
Bldg Desc
Fourplex
Heating
Central, Gas
Cooling
Central Air
Appliances
Oven, Range, Refrigerator
Sewer
Public Sewer
Community Features
None
Annual Taxes
$2,797
Financing Considered
Conventional
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Calculator source: Real Geeks

Courtesy of Catherine Hyde with Simply Vegas. Selling Office: Simply Vegas.

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