2321 Ellis Street

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2321 Ellis Street

North Las Vegas, NV 89030
Asking Price
$659K
Asset Type
Apartment Building Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail and apartment building located in North Las Vegas.
  • The property is currently offered for sale at $659,000.
  • The site benefits from strong local rental market demand.
  • Flexible asset suitable for mixed commercial and residential use.
  • Situated within the expanding Las Vegas metropolitan economic region.

What's Special

This retail and apartment building property at 2321 Ellis Street provides an entry point into the North Las Vegas real estate market. Positioned within an area characterized by consistent rental demand, the asset benefits from its placement in a region that supports a steady tenant pool. North Las Vegas continues to experience growth as part of the broader Las Vegas metropolitan area, serving as a hub for logistical and commercial activity. Investors seeking to capitalize on mixed-use configurations will find this site suitable for maintaining a local commercial footprint while generating residential income streams. The property is currently available for purchase at an asking price of $659,000. With its functional layout, the building offers versatility for operators looking to balance retail storefront operations with multi-family residential leasing. Its proximity to major regional thoroughfares ensures accessibility for both commercial clients and residents, making it a practical addition to an investment portfolio focused on the southern Nevada corridor.

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NOI
$80,000
Cap Rate
12.14%
DSCR
2.04
Strong
Cash-on-Cash
20.68%
Monthly Payment
$3,260.372
Annual Cash Flow
$40,875.531

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