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Property Type
Status Active
Distressed
Year Built 1942
Neighborhood Biltmore Add
Days on Website 11

Property Map

$639,000 – 130 Palm Lane, Las Vegas, NV 89101

Street View

Courtesy of eXp Realty, George Ryan Vega.

Description

UNIQUE HIDDEN GEM IN DOWNTOWN! 3 houses in 1! 15 BEDROOMS, 10 BATHS, 6071 SQ FT. Close to 15K SF lot! Nearly 5K SF front house and nearly 2,200 SF back house. Has 3 electrical meters & 2 water lines. Full demolition , asbestos tested and ready for renovation. The sale comes with plans, drawings; permits can be transferred to new buyer. The possibilities are endless! It can be 3 large single family homes or 1 massive single family estate or a 6 unit Multi-family asset with each having a private yard or a Residential Assisted Living or Elderly Nursing Facility or boarding / halfway house or corp. housing or AirBnB. There is currently a tenant that is interested in renting the property when finished at $14k/ month. No matter which use, the property can generate $10k-15k per mos. Boarded up fixer upper properties in the area sell for $135 per sq ft which puts this property over $800k valuation! Potential use for a 6 unit building or 3 separate homes. **NO CAPITAL GAINS TAX, ask HOW**

Property Details and Features

Amenities

  • Proj. Amenities Description: None
  • Prop. Amenities Description: None

Building

  • 7,071 total sqft
  • 7,071 total living area
  • 3 buildings
  • 2 floors
  • Built in 1942

Cooling

  • Other Cooling System

Accessibility Features

  • Handicap Adapted: 0

Floors

  • Concrete Slab

Water Features

  • Public

Heating

  • Other
  • Fuel: None

Income

  • Other Income Description: None

Location

  • Clark County
  • Subdivision: Biltmore Add

Lot

  • 0.31 acres

Roof

  • Flat

Sewer

  • Public

Taxes

  • Annual Property Taxes: $1,652

Utilities

  • Separate Meter: Electric,Water

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