2252 Ellis 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.
Listed By
Agency Name: Simply Vegas
Agency Contact: (702) 408-2289
Agent Name: Catherine Hyde
Shown By
Agent Name: Audrey Evans
Agent Phone: (917) 749-3170
Agency Title: Wardley Real Estate
Estimated Payment
$ 2,728.28 per month $2,444.37 Principal & Interest $97.25 Property Tax $186.67 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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2252 Ellis Street | MLS# 2803224
This multi-family property located at 2252 Ellis Street , North Las Vegas, NV 89030 is currently listed for sale with an asking price of $640,000. Search North Las Vegas real estate on audreyevans.wardleyre.com today.