3116 Kings Way, Las Vegas, NV 89102

$219,000
5 Beds
2 Baths
1,434 Sq Ft
$153 $ / Sq Ft
0.16 Acres
1963 Year Built
1 Days on Market
Comps
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Description

This іѕ a uniquе ѕіtuatіοn. The ѕeller would like to diѕcuѕs all creative options. The home is going to need substantial renovation.
Property taxes 4%–6%
Insurance 2%–4%
Utilities (if owner-paid) 10%–15%
Repairs & maintenance reserve 5%–10%
Vacancy & credit loss 5%–10%
Landscaping/pest control 1%–3%
Capital reserves (future HVAC, roof, appliances, etc.) 5%–10%
Total (self-managed) 25%–40%
Gross Potential Income
5 bedrooms + studio = $6,500/month
Annual = $78,000
Adjust for 90% occupancy
Effective Gross Income = about $70,200/year
Example expense budget (30%)
Expenses ˜ $21,000/year
Net Operating Income
Approximately $49,000/year

Using common investor cap rates:
Cap Rate Value
10% $490,000
8% $612,000
A one-third interest before any minority discount would be approximately:
$163,000 at a $490k valuation

Details

Year Built 1963
County Clark
City Las Vegas
Zip 89102
Neighborhood Richfield Village
Elementary School Bell, Rex
Middle School Cashman James
High School Clark Ed. W.
HOA No HOA
Garage 1 spaces
Levels 1
Status In Foreclosure,Probate Listing

Features

Pool No
Fireplace No
Appliances Other

Interior

Interior Features Bedroom On Main Level, Primary Downstairs, None, Programmable Thermostat
Laundry Electric Dryer Hookup, In Garage, Main Level

Exterior

Exterior Features Patio, Private Yard
Lot Features Less Than Quarter Acre
Patio/Porch Covered, Patio
Fencing Block, Back Yard
Roof Composition, Shingle
Windows Insulated Windows, Low Emissivity Windows

Utilities

Heating Electric, Multiple Heating Units, Wall Furnace
Cooling Electric, None
Sewer Public Sewer
Water Source Public

Price History

Date Event Price
Jun 16, 2026 Listed $219,000

To see the property located at 3116 Kings Way, Las Vegas, NV 89102 or any other home on this website please call 702-417-7779.

The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved. GLVAR deems information reliable but not guaranteed.

Listing #2791719 By Joseph Modig (lvbrokeraj@gmail.com), Real Broker LLC

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