2252 Ellis Street

Stabilized Cash Flow with Significant Value-Add Potential. This fully occupied single-story fourplex offers investors immediate income with an in-place 6.21% cap rate and an estimated 8.57% pro forma cap rate through continued rental optimization. The property consists of four spacious 2-bedroom, 1-bath units and has undergone extensive capital improvements designed to reduce future maintenance costs, including a new roof (2020), 100-gallon water heater (2023), gas line replacement (2024), commercial coin-operated laundry equipment (2025), remodeled kitchens, upgraded plumbing, serviced HVAC systems, and dual-pane windows. Residents enjoy private fenced yards, exterior storage, ample on-site parking, and shared laundry facilities that enhance tenant satisfaction and retention. Located in an established North Las Vegas rental market with convenient access to major employment centers, shopping, schools, and transportation, this professionally maintained asset offers a compelling combination of stable cash flow, reduced deferred maintenance, and long-term appreciation potential.