March 2011

There are 1 blog entries for March 2011.

Is this a Great Opportunity for a Las Vegas Real Estate Investor?

Thursday, March 24th, 2011 at 7:14pm. 1362 Views, 0 Comments.

Great Las Vegas Investment Opportunity?

I was doing some searching for investmet properties for one of my Las Vegas real estate investment clients and came across this statement for a particular listing in a neighborhood I like to keep an eye on:

 

"THIS IS A GREAT OPPORTUNITY FOR AN INVESTOR AS THERE IS A LONG TERM TENANT IN PLACE WHICH AT THIS PRICE IS A 9% RETURN.  THIS UNIT IS GORGEOUS A FORMER MODEL WITH HARDWOOD FLOORS, MODERN BATHROOM FIXTURES, BUILT IN BOOK CASE & STAINLESS STEAL APPL."

 

Maybe it was the STEAL for Stainless Steel appliances that caught my attention or the 9% return. Not sure.

The current list price is $83,000. Knowing what I know about this community, recent comparable sales for this particular floorplan should be in the high…