2252 Ellis Street 2252 Ellis St 4 Unité Immeuble d’appartements 912 295 $ CAD (228 074 $ CAD/Unité) 6,21% Taux de capitalisation North Las Vegas, NV 89030

The Hyde Real Estate group is pleased to present a prime 4-unit investment opportunity at 2252 Ellis Street in North Las Vegas. Ideally located near the intersection of Carey Avenue and Mojave Road, this property sits in a convenient and well-established neighborhood, within walking distance to both the North Las Vegas Fire Department and Police Station, providing an added peace of mind for residents and investors alike.
This well-maintained single-story fourplex features four spacious 2-bedroom, 1-bath units with excellent curb appeal, a fenced yard, and on-site parking. Offering an actual cap rate of 6.21% and a pro forma of 8.57%, it delivers a balance of immediate cash flow and long-term growth potential. Recent capital improvements include a new roof (2020, $27,000), 100-gallon water heater (2023, $5,200), gas line replacement (2024, $6,000), and an owned coin-operated washer/dryer (2025).
Each unit features remodeled kitchens, upgraded plumbing, and regularly serviced A/C units. Residents enjoy private exterior storage, a large shared storage building, and a community laundry room. Double-pane windows enhance energy efficiency, and all tenants are current on rent. With one upcoming vacancy, this property offers both stable returns and value-add potential in a growing, secure North Las Vegas neighborhood.