100 E 1st South St, Mesquite, NV 89027

Mesquite
Local realty services provided by:ERA Brokers Consolidated
100 E 1st South St,Mesquite, NV 89027
$2,500,000
Virtual Tour
  • 24 Beds
  • 12 Baths
  • 10,800 sq. ft.
  • Multi-family
  • Active
Listed by: e. shaun caldwell
Office: prime properties mesquite
MLS#:1127401
Source:NV_MREA

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$231.48

About this home

12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking. New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses 4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow increases. Could self manage at expiration of current management agreement with ERA Brokers and bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management. 100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking, and off the main streets for a quieter location than many. Still room to improve it more. Picture adding security gates, carports, or a pool area or other recreational amenities. Incredible investment opportunity! Please do not disturb tenants.

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Home facts

  • Year built:2024
  • Listing ID #:1127401
  • Added:43 day(s) ago
  • Updated:April 03, 2026 at 03:33 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:12
  • Flooring:Flooring- Carpet, Flooring- Laminate
  • Kitchen Description:Dishwasher, Freezer, Garbage Disposal, Microwave, Oven/Range, Oven/Range-Electric, Refrigerator
  • Living area:10,800 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric, Heat Pump
  • Heating:Electric, Forced Air/Central, Heat Pump

Structure and exterior

  • Roof:Tile
  • Year built:2024
  • Building area:10,800 sq. ft.
  • Lot area:0.73 Acres
  • Architectural Style:2 story above ground
  • Construction Materials:Stucco
  • Exterior Features:Corner Lot, Landscape- Full, Sidewalks, Sprinklers- Drip System
  • Foundation Description:Slab on Grade

Schools

  • High school:Virgin Valley
  • Middle school:Charles A. Hughes
  • Elementary school:Virgin Valley

Utilities

  • Water:Water Source: City/Municipal
  • Sewer:Sewer: Hooked-up

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$231.48
  • Tax amount:$14,126

Features and amenities

  • Laundry features:W/D Hookups, Washer & Dryer
  • Amenities:Ceiling Fans, Vaulted Ceilings
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