1956 Cosmic Drive
Las Vegas, NV 89115
- – beds
- – baths
- 3,212 sqft
- 7,405 sqft lot
- $194 per sqft
- 1987 build
- – on site
Invest in a well-maintained, professionally managed fourplex in Lake Mead Villas, a secure, planned community with mature landscaping, playground and pool. Built in 1987 with a Cape Cod design, it’s ideally located in Northeast Las Vegas near major employers such as Amazon distribution centers, the VA Hospital, Nellis AFB, schools, and public transit—ensuring strong rental demand. This 3,212 SqFt property features four spacious 2-bed, 1-bath units, each with a large living room, fireplace, dining area off the kitchen, and private laundry room with a refrigerator, washer, dryer, and dishwasher included. Updated, the property offers LVP floors, fresh paint, newer appliances, shower enclosures, blinds, and new fireplace enclosures. With long-term tenants, this property generates steady income at a 6.77% CAP rate, with potential to exceed 7% at the next lease renewal. HOA fees cover trash, sewer, exterior upkeep (roof/stairs), landscaping, common utilities, and pool access.
Last checked:
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Last updated Mar 17, 2025
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MLS# 2665853 —
The Building
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Year Built:1987
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Construction Description:Wood-Frame
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Built Description:RESALE
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Building:Fourplex
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# of Buildings:1
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# of Units:4 - Fourplex
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Units:4
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Roof:Composition Shingle, Pitched
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Floors:2
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Approx Total Living Area:3,212 Sqft
Interior
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Furniture Included:No
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Flooring:Carpeting, Ceramic, Tile
Financial & Terms
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Short Sale:No
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Foreclosure Commenced:No
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Repo Reo:No
Location
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Directions:From E Lake Mead Blvd & N Lamb Blvd, go east to Dwarf Star, turn left into Lake Mead Villas complex Right on Orbit, Left on Cosmic
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Township:20
The Property
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Property Type:Multiple Dwelling
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Property Condition:Very Good
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Total SqFt:3,212 Sqft
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# of Acres:0.1700
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Parcel Number:140-19-711-023
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Lot SqFt:7,405 Sqft
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Lot Depth (ft):100
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Price Per Acre:3676471
Listing Agent
- Contact info:
- Agent phone:
- (702) 408-2289
- Office phone:
- (702) 568-6800
Taxes
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Annual Property Taxes:$2,133
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Other Encumbrance Desc:None
The Listing
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Section:19
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Listing Agreement Type:Active-Exclusive Right
Heating & Cooling
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Cooling:Central
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Heating:Central
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Heating Fuel:Electric
Utilities
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Utilities:2400
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Utilities Included:Sewer, Water
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Separate Meter:Electric
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Maintenance:2098
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Sewer:Public
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Water:Public
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Trash:1
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Internet:1
Appliances
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Appliances:Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
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Range:62
The Community
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Subdivision Name:Lake Mead Villas
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Management:5315
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Amenities:Blinds, Laundry Room
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Amenities:Outside Light(S), Playground, Swimming Pool
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HOA Fees:$825
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Total Monthly HOA:825.00
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Association Fee Includes:Ground Maintenance, Landscape Maintenance, Recreation Facilities
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Association Fee:Yes
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Association Fee 1:Monthly
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Cap Rate:6.3300
Parking
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Parking:Alley Access, Paved
Extra Units
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Furnished Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/17/25
Mar 17, 2025
|
Listed / Active | GLVAR | $625,000 | 28.2% (9.5% / YR) |
|
3/25/22
Mar 25, 2022
|
GLVAR | $487,500 | 4.8% | |
|
2/4/22
Feb 4, 2022
|
GLVAR | $465,000 |
