One Bedroom Condo Search - Las Vegas/Henderson

[Michael Robbins]

I have recently been looking at Las Vegas/Henderson one bedroom condominiums for some of my investor clients. One bedroom units have not always been on my radar and I found it may be an interesting option.  So far, I have found a few options worth exploring and wanted to share:

• Rental Rate $975-1,100m
• Price point $130-140,000 (built late 90s and early 2000s)
• HOA $150m (including water - I would charge back a fixed amount of at least $25m along with the tenant rent)
• Annual taxes $500-600

[Julius Chinn]

In todays world BE is about right.

For some strange reason Palms Places is better than BE.  Im going to open my DEC  statement soon. 

On the other end MGM isnt BE at the moment.

I expect Vegas to fully recover.  Remember  Covid is not a Vegas specific issue. All convention towns are being Smashed to bits.   Waikiki is a shadow of what it was pre -covid.