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4244 Middlesex Ave 4 Unit Apartment Building Offered at $893,389 CAD at a 7.95% Cap Rate Las Vegas, NV 89110
INVESTMENT HIGHLIGHTS
- All 2-bedroom, 1-bath unit mix
- Opportunity to increase rents through strategic renewals
- Located in East Las Vegas, a strong rental corridor with low vacancy and high tenant demand for two-bedroom units
- Built in 1983, consistently maintained
- Well-sized layouts positioned for retention and steady occupancy
- Walking distance to neighborhood amenities and transit & Easy connections to Nellis Blvd and Boulder Hwy
EXECUTIVE SUMMARY
4244 Middlesex Ave is a stabilized fourplex built in 1983, offering 2-bedroom, 1-bath units that appeal to working families and long-term renters. The property is occupied with long-term tenants, providing dependable income. With spacious interiors and value-add potential through lease renewals, this asset delivers both stability and upside.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $893,389 CAD | Property Type | Multifamily |
| Price Per Unit | $223,347 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,172 SF |
| Cap Rate | 7.95% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1983 |
| Zoning | R3 | ||
| Price | $893,389 CAD |
| Price Per Unit | $223,347 CAD |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.19 AC |
| Building Size | 4,172 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,024 CAD | 1,043 |
1 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 140-30-610-020 | Improvements Assessment | $64,501 CAD |
| Land Assessment | $57,758 CAD | Total Assessment | $122,259 CAD |
PROPERTY TAXES
Parcel Number
140-30-610-020
Land Assessment
$57,758 CAD
Improvements Assessment
$64,501 CAD
Total Assessment
$122,259 CAD
CONTACTS
-
Catherine Hyde -
Jeremy Hyde -
Jillian Hyde -
Hyde Real Estate Group at Simply Vegas
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4244 Middlesex Ave
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