Townhome in the heart of Chinatown, Las Vegas

[Allison Jung]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $205,000
Cash invested: $205,000

Probate sale. Previous homeowner had a lot of deferred maintenance. We put another $20k into the home to pretty it up. Tenant wanted to keep the Looney Tunes wallpaper in the kitchen and the flocked wild cat wallpaper in one of the bathrooms.

What made you interested in investing in this type of deal?

Location is walking distance to Shanghai Plaza where it's jam packed with restaurants. Plenty of shopping nearby. Minutes to the Las Vegas Strip.