3 Reasons to Consider Purchasing a Las Vegas Fourplex

[Ron Nir]

What Is a Fourplex?

A fourplex is a type of multifamily home. As the name implies, a fourplex has four units inside. The main benefit of a fourplex is that it is the largest multi-family apartment home that you can own while enjoying residential zoning. A building with 5 units or more must be zoned as commercial. Owning a fourplex has several distinct advantages.

Why Consider a Las Vegas Fourplex?

A fourplex in Las Vegas comes with several different benefits:

● Earn more income. On a practical level, you stand to earn more income from a fourplex than you can from a single-family residence. This will significantly amplify your revenue stream and make it easier for you to recoup your original investment.

● Enjoy better financing options. Since a fourplex is zoned as residential property, you have many more options when it comes to financing. Residential properties can have down payments as low as 0-10% and have longer amortization periods.

● Get practice for bigger rental property ventures. Getting a Las Vegas fourplex can be a great way to dip your toes into multi-family property ownership and management. If you want to handle a fourplex with relative ease, you will be better suited to make investments in a larger commercial property (and thanks to the profits from your other units, you will have more to put down on a commercial building).

Las Vegas Property Management for Your Fourplex

A fourplex can provide a steady source of revenue. In Las Vegas, it is a great way to diversify your investment portfolio and increase the amount of money you can make off your building each month. The daily running of a multiplex has challenges, however, if you have a job and other responsibilities, running your own fourplex can seem inconvenient.