Active Listing
2252 Ellis Street
North Las Vegas, NV 89030
$640,000
MLS 2803224
0
Beds
0
Baths
3,008
Sq Ft
1963
Year Built
The Property
About This Home
2252 Ellis is an exceptional value-add investment opportunity with a current 6.0% cap rate and an estimated 8.5% pro forma cap rate, offering immediate cash flow and strong upside potential. Major capital improvements include a new roof (2020), 100-gallon water heater (2023), gas line replacement (2024), and owned coin-operated laundry (2025). Each unit features remodeled kitchens, upgraded plumbing, regularly serviced A/C units, and energy-efficient double-pane windows. Tenants have access to private exterior storage, a large shared storage building, and an on-site community laundry room. Conveniently located near Carey Ave. and Mojave Rd., within walking distance of the North Las Vegas Police Department and Fire Station, this well-maintained property is positioned for both stable returns and future appreciation.
Community Intelligence
North Las Vegas
Zoned Schools
ES: ,
About the Neighborhood
North Las Vegas
North Las Vegas is its own incorporated city with a distinct municipal feel - younger inventory on average, more new construction, and master-planned communities like Aliante that anchor the higher end. Commute times to the Strip are competitive with much of the central valley, and the city has been one of the fastest-growing in the metro for over a decade.
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Location
North Las Vegas
2252 Ellis Street
North Las Vegas, NV 89030