2036 Canterbury Drive
Las Vegas, NV 89119 · Casa Mia Grande

8 Beds

2 Baths

4,106 Sq Ft

10,019 Lot Sq Ft

2 Garage

1984 Built

Yes Pool

29 days on market MLS# 2809539

TRG Insights

Three separate living areas, eight bedrooms, sold fully furnished with tenants in place, plus a gas-heated pool and spa in central Las Vegas.

Eight bedrooms and 4,106 square feet are split into three separate living areas, which the listing says lets an owner live in one and rent the others. The five bathrooms break down as two full and three three-quarter. The primary bedroom is on the main floor, ceiling fans and window treatments are in place, and the home is being sold furnished. Outside, a gas-heated in-ground pool with attached spa, a built-in barbecue, and a patio sit on a private yard of 0.23 acres, or 10,019 square feet. Solar is listed, though the listing doesn't say whether it's owned or leased. There's no HOA, and parking is a two-car attached garage. Worth knowing before you tour: the home was built in 1984, the three living areas are inside the main house with no separate guest house listed, and the listing says it is 100% occupied. The listing also asks buyers to independently verify zoning, permitted uses, unit configuration, and the reported income of about $6,750 a month, roughly $81,000 a year.

Description

TURNKEY, FULLY OCCUPIED INCOME-PRODUCING OPPORTUNITY IN PARADISE PALMS! This impressive approximately 4,100 SF property features 8 bedrooms, 5 bathrooms and 3 separate living areas, offering exceptional flexibility for investors or an owner-occupant looking to offset their mortgage with rental income. 100% occupied for approximately 3 years with a strong, consistent rental history, currently generating approximately $6,750/month and $81,000 annually in gross rental income. At an $830,000 purchase price, that's a 9.76% gross yield with an estimated cap rate of approximately 7.5%, based on current income and estimated operating expenses.

Even better, the property is being offered FULLY FURNISHED, creating a truly turnkey investment opportunity with great existing tenants. Live in one living area while collecting income from the others, or continue operating the entire property as an income-producing investment.

Enjoy a resort-style swimming pool with attached spa/jacuzzi and spacious outdoor entertainment area, all within a quiet, established neighborhood. Outstanding central Las Vegas location just minutes from the Las Vegas Strip, Harry Reid International Airport, UNLV, Allegiant Stadium, the future Athletics ballpark, shopping, dining, entertainment and major freeways. An exceptionally convenient location where tenants can easily Uber throughout the city's major employment and entertainment corridors.

This is the perfect property for an ambition investor to live and rent out.

NO HOA. Opportunities combining this level of income, occupancy history, location, furnishings and lifestyle amenities rarely become available. Property is currently operated as an income property; buyer to independently verify zoning, permitted uses, unit configuration, rental income, expenses and all information material to buyer.

Bedrooms: 8
Square Feet: 4,106
Stories: 1 Story
Fireplace: Yes
Flooring: Hardwood, Tile
Cooling: CentralAir
Heating: Electric
Appliances: Dryer, Dishwasher, ElectricRange, Disposal
Interior Features: CeilingFans, PrimaryDownstairs, WindowTreatments