3116 Kings Way, Las Vegas, NV 89102

Las Vegas
Local realty services provided by:ERA Brokers Consolidated
3116 Kings Way,Las Vegas, NV 89102
$219,000
Virtual Tour
  • 5 Beds
  • 6 Baths
  • 1,434 sq. ft.
  • Single family
  • Active
Listed by: joseph modig
Office: real broker llc.
MLS#:2791719
Source:GLVAR

Price summary

  • Price:$219,000
  • Price per sq. ft.:$152.72

About this home

This is a unique situation. The seller would like to discuss all creative options. The home is going to need substantial renovation. Property taxes 4%–6% Insurance 2%–4% Utilities (if owner-paid) 10%–15% Repairs & maintenance reserve 5%–10% Vacancy & credit loss 5%–10% Landscaping/pest control 1%–3% Capital reserves (future HVAC, roof, appliances, etc.) 5%–10% Total (self-managed) 25%–40% Gross Potential Income 5 bedrooms + studio = $6,500/month Annual = $78,000 Adjust for 90% occupancy Effective Gross Income = about $70,200/year Example expense budget (30%) Expenses ˜ $21,000/year Net Operating Income Approximately $49,000/year Using common investor cap rates: Cap Rate Value 10% $490,000 8% $612,000 A one-third interest before any minority discount would be approximately: $163,000 at a $490k valuation

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Home facts

  • Year built:1963
  • Listing ID #:2791719
  • Added:1 day(s) ago
  • Updated:June 24, 2026 at 12:51 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:6
  • Full bathrooms:2
  • Rooms Total:1
  • Flooring:Concrete, Linoleum, Tile, Vinyl
  • Living area:1,434 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Electric, Multiple Heating Units, Wall Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1963
  • Building area:1,434 sq. ft.
  • Lot area:0.16 Acres
  • Exterior Features:Patio, Private Yard
  • Levels:1 Story

Schools

  • High school:Clark Ed. W.
  • Middle school:Cashman James
  • Elementary school:Bell, Rex,Bell, Rex

Utilities

  • Water:Public

Finances and disclosures

  • Price:$219,000
  • Price per sq. ft.:$152.72
  • Tax amount:$1,172

Features and amenities

  • Laundry features:Electric Dryer Hookup, In Garage, On Main Level
  • Amenities:Insulated Windows, Low Emissivity Windows

Parking

  • Parking description:2 Carport Space(s), Attached Carport, Electric Vehicle Charging Stations, Guest Parking, Inside Entrance, Tandem
  • Garage:Yes
  • Garage spaces:1
  • Carport spaces:2

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