126 E First St N, Mesquite, NV 89027

Mesquite
Local realty services provided by:ERA Brokers Consolidated
126 E First St N,Mesquite, NV 89027
$720,000
Virtual Tour
  • 8 Beds
  • 4 Baths
  • 3,080 sq. ft.
  • Multi-family
  • Active
Listed by: e. shaun caldwell
Office: prime properties mesquite
MLS#:1127515
Source:NV_MREA

Price summary

  • Price:$720,000
  • Price per sq. ft.:$233.77

About this home

Opportunity is knocking!!! Great investment property as is or significant potential for upgrading & increasing rate of return. As is, market rents of $1150/mo counting owner expenses should pick up a net cap rate of approx 6.6%. With upgrades like gating, carports, patios, or other amenities, could raise the cap rate potentially to as much as 7.8% range. 4 units recently updated with new paint, floor, counters, appliances, including some washer/dryers, new storage units, and more. Steadily renting at $1000-1200/mo. Similar units are renting in the $1200/mo+ range. Small enough to self manage. Nice enough for the right person to live in one and rent the other 3 for income. Each unit is 2 Br, 1 Ba, approx 770 sf. Great central location to parks, schools, College of Southern Nevada Mesquite Campus, library, community rec center, shopping, casinos, and much more. Sewer/Trash $125/mo, Water $286/mo, Power individually metered to tenants, Insurance $2600/y.

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Home facts

  • Year built:1988
  • Subdivision & Development:None (No Subdivision)
  • Listing ID #:1127515
  • Added:164 day(s) ago
  • Updated:September 02, 2026 at 03:22 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Kitchen Description:Dishwasher, Freezer, Garbage Disposal, Oven/Range, Oven/Range-Electric, Refrigerator
  • Living area:3,080 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Composition, Flat
  • Year built:1988
  • Building area:3,080 sq. ft.
  • Lot area:0.22 Acres
  • Architectural Style:2 story above ground
  • Construction Materials:Stucco
  • Exterior Features:Curb & Gutter, Sidewalks
  • Foundation Description:Slab on Grade

Schools

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

Utilities

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

Finances and disclosures

  • Price:$720,000
  • Price per sq. ft.:$233.77
  • Tax amount:$2,130

Features and amenities

  • Laundry features:W/D Hookups, Washer & Dryer
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