Off-Market Condo at 38 E Serene Ave, Las Vegas, NV 89123
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Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $211 per day and long-term for an average of $1,663 per month, based on similar listings in the area. Estimated short-term cap rate of 6.4%. Estimated long-term cap rate of -0.1%. Conveniently situated near shopping, dining, hotels, and just 4.5 miles from Allegiant Stadium, 5 miles from the proposed Oakland A's stadium, and 2.3 miles from the proposed Bright Line High-Speed Train Station. Convenient access to I-15/I-215, and 4.3 miles from the airport. The Condo features include a wrap-around balcony, oversized walk-in closet in the primary Bedroom, tile flooring in the living area, a separate laundry closet with full-size washer & dryer (included), crown moldings throughout the unit, a spacious kitchen with granite countertops, pantry and plenty of cabinet space and a dedicated underground Parking spot. The condo complex offers a range of amenities including 24-hour Guard gated security, two sparkling swimming pools, tennis court, a Jacuzzi, a dog walk; walking trails and a BBQ Area. The upscale fitness center includes a weight Room, separate cardio area and a Yoga Studio. The Internet cafe and conference room are available for business related-activities.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1877
Bedrooms
2
Bathrooms
2
SQFT
1,107
Furnished
N/A
Year built
2006
Listing Status
Off Market
MLS
2648418

Short-term Rental Potential
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$38,892

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$261

Price/SQFT

Long-term Rental Potential
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$19,956

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,663/mo

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