Property Manager · Henderson, NV · Member since 2018 · 501 posts · 317 votes
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)
Property Manager · Henderson, NV · Member since 2018 · 501 posts · 317 votes
5y
@Julius Chinn I was looking into condotels a few months ago and noticed the inventory going up. I do not follow them all that much but it should be interesting to see if and how much they drop in price. And even if they do drop in price will the returns improve if the income being generated is not sufficient. When I last explored the numbers it was break-even best case.
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.