1920 Lirio Way, Las Vegas, NV 89108

$795,000
3,892
SqFt
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Sold Price
$795,000
List Price
$799,999
Status
CLOSED
MLS#
2692240
Closing Date
Aug 11, 2025
Year Built
1984
Style
Fourplex
Acres
0.16
Lot Size
6,970
Living Area
3,892
Subdivision
Sierra Oeste
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(702) 803-3323

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) 803-3323
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Additional Information

Taxes
$2,797
Association Features
None
Interior Features
Storage
Stories
2
Appliances
Oven, Range, Refrigerator
Sewer
Public Sewer
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Calculator source: Real Geeks

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

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