Exclusive 4-Plex Investment Opportunity
Maximize Your Returns with Our Premier Development Project
Project Overview:
Vision and Objective:
- Diversification of Assets: Offering a modern, Type A 4-plex property as a better alternative to older multifamily units in Las Vegas.
- Low Maintenance, High Convenience: Unique feature of individual electrical and water meters for each unit, shifting all utility bills to tenants.
Location:
- Pahrump, NV: Situated 40 minutes from Las Vegas, offering a strategic investment location.
Key Features:
- Utility Efficiency: Individual meters for electricity and water in each unit.
- Tenant Appeal: Modern design catering to a broad demographic from low to medium-income families.
Developer Profile:
- Led by a Nevada-based professional with a successful track record of over 15 4-plexes and numerous single-family homes.
Construction Quality and Features:
- Top Finishes: Modern amenities including laundry rooms in each unit.
- Eco-friendly: Effective insulation for energy efficiency.
Target Market:
- Demographics: Catering to the diverse population of Pahrump, from low to medium-income families.
Market Demand:
- Growing Population: Pahrump’s significant growth due to military presence and appeal to families seeking safety and affordability.
Investment Potential:
- High Cap Rate: Demonstrated through proven records.
- Market Trends: Shift of homebuyers to Pahrump due to high Las Vegas prices.
Project Alignment with Demographic Needs:
- Modern Living Spaces: Designed to meet all modern amenities required for comfortable living.
Financial Highlights:
- Cap Rate: Estimated at 10.4%.
- ROI: Approximately 9.45% for cash buyers.
- Operational Costs: Low taxes, insurance, and minimal expected maintenance.
Development Timeline:
- Completion Window: Estimated between 6 to 12 months from commencement to occupancy.
25% Downpayment Build Contract
- Embark on this exclusive 4-plex development with just a 25% downpayment. Our contract-to-build approach offers a streamlined path to owning a high-yield investment property.
Coop:
- Available
Property Information
| Property Feature | Details |
|---|---|
| Total Sq Ft (Building) | 2,010 sq ft per building |
| Unit Sizes | – 2 Bed Units: 910 sq ft each |
| – 3 Bed Units: 1,097 sq ft each | |
| Bedroom Configuration | 2 x 2-Bed Units, 2 x 3-Bed Units |
| Rent (Unit 1 – 2 Bed) | $1,250 |
| Rent (Unit 3 – 2 Bed) | $1,250 |
| Rent (Unit 2 – 3 Bed) | $1,350 |
| Rent (Unit 4 – 3 Bed) | $1,350 |
| Lot Size | Approx. 14,000 sq ft |
| Construction | 2 Duplex Buildings |
| Utility Meters | Individual electrical and water meters |
| Annual Expenses | Taxes: ~$1,500; Insurance: ~$1,000 |
| ROI for Cash Buyer | Approx. 9.98% |
| Cap Rate | 10.4% |
| Project Timeline | 4 to 12 months from commencement |
Photos and Floor Plans:
Pricing and Investment Terms:
1. Detailed Pricing:
- Total Cost for 4-Plex: $600,000 for the entire 4-plex, encompassing both 2-bedroom and 3-bedroom units.
- Uniform Pricing Structure: No variations in pricing based on location within the complex or unit features.
- Negotiable Terms for Bulk Purchases: Special pricing considerations for bulk or modular developments like an 8-plex.
2. Financing Options:
- Diverse Financing Avenues: Available options include Stated Income Loans, DSCR loans, Hard Money, among others. Visit our financing options page for more details.
- Partnerships with Preferred Lenders: Working closely with 5 Star Mortgage of Las Vegas for beneficial mortgage terms.
- Grant Opportunities: Access to Affordable Housing Grants ranging from $50,000 to $100,000 for investors and developers.
3. Investment Breakdown:
- Rental Income Projections: $1,250 per month for 2-bedroom units, and $1,350 for 3-bedroom units.
- Annual Expenses: Approximately $4,678 for taxes and $1,000 for insurance. Minimal maintenance required.
- Return on Investment (ROI): Approximately 9.45% for cash buyers.
- Capitalization Rate (Cap Rate): 10.4%, calculated as annual rents ($62,400) divided by the purchase price ($600,000).
- Market Appreciation Projections: Stability in current conditions with potential for appreciation. Read more about Pahrump NV real estate forecast.
Testimonials and Success Stories: A Case Study
Success in Action: Mary's Investment Journey
Maximizing Returns with Strategic Moves
Meet Mary, a savvy investor who transformed her portfolio through a strategic 1031 exchange, acquiring a state-of-the-art 4-plex. Her decision not only diversified her assets but also significantly boosted her investment returns. Mary’s trust in our expertise extended beyond the purchase; she chose us for the ongoing management of the property, ensuring professional, hassle-free operations and continued profitability. This case study exemplifies smart investing and the power of effective property management.
Las Vegas 4-Plex Market Comparison
Property Highlights: Las Vegas 4-Plexes
Address: 4664 Sand Creek Ave LV NV
MLS #2532038
Year: 1977
Price: $800,000
Living Area Total: 3,688
Units: 4x – 2 Beds $1,300
HOA: $525
Total Rents: $5,200 / M
Cap Rate: 7.8%
Condition: “Excellent” 🫠
Address: 204 N 13th St LV NV
MLS #2539554
Year: 1953
Price: $795,000
Living Area Total: 2,616
Units: 2x – Studios $1,045
2x – 1 Bedroom $1,095
Total Rents: $4,280 / M
Cap Rate: 6.4%
Condition: “Excellent” 🧐
The Superior Investment: Pahrump 4-Plex vs. Las Vegas Options
Outshine the Old: Modernity Matters
Your investment in Pahrump isn’t just about acquiring property; it’s about embracing the future. Our 2023-built 4-plex stands in stark contrast to dated Las Vegas properties from the 1950s and 70s. You’re investing in a modern, state-of-the-art building designed for today’s market, not yesterday’s.
Maximize Your Returns: Higher Cap, Better ROI
The numbers speak for themselves. With a cap rate of 10.4% and a projected ROI of 9.98%, our Pahrump development outperforms Las Vegas properties significantly. For instance, the 1953 property on N 13th St offers a 6.4% cap rate, while the 1977 property on Sand Creek Ave stands at 7.8%. It’s clear where the smarter money is.
Cost Efficiency: More Value for Your Investment
At $600,000, our Pahrump 4-plex is not only more affordable than the Las Vegas options priced at $795,000 and $800,000, but it also offers more for your money. Say goodbye to hidden costs like high HOA fees found in Las Vegas properties.
Less Hassle, More Profit
Our Pahrump development is built with the investor in mind. From individual utility meters per unit to minimal maintenance needs, we’ve streamlined property management to maximize your profit and minimize your headaches.
Tailored to Today's Tenants
Each unit in our 4-plex is designed to attract a wide range of tenants. With modern amenities, individual utilities, and a fresh, contemporary design, we offer what tenants want today, not what was sufficient decades ago.
Seize the chance to elevate your portfolio with a property that promises not just competitive returns but also the ease and satisfaction of owning a state-of-the-art residential complex. Our 4-plex development isn't just a building; it's the future of smart investing in real estate.
Investing in our Pahrump 4-plex development represents more than just a smart financial decision; it's an opportunity to be part of a modern, efficient, and high-return real estate venture. With its strategic location, contemporary design, and investor-friendly features, this project stands as a beacon of lucrative and hassle-free investment in today's dynamic real estate market.
READY FOR A SMOOTH DEVELOPMENT?
