1956 Cosmic Drive, Las Vegas, NV 89115

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.