$17,000.00

1.10 Acre multifamily investment property near the center of town

Out of stock

Category:

Description

1.1-acre vacant multifamily lot with nearby apartment complex in the heart of Pahrump just over an hour from Las Vegas.

Have you ever dreamed of being a landowner? Or perhaps you see the new Raiders stadium being built in Las Vegas and its explosive growth and want to invest in some property in the path of that growth.  Perhaps you’d like to add another cash-flowing property to your portfolio or you are purchasing your first, and you recognize the opportunity a property zoned for a duplex, triplex, or apartment complex on the outskirts of Las Vegas could provide.  All of this in a beautiful desert setting where you (or your tenants) can enjoy the fresh clean air while enjoying the nearby mountain lands. If that sounds like what you’re after, then this is undoubtedly the parcel you’re looking for.

With utilities (including public water) nearby and an apartment complex nearby, it would take little to get this lot ready to build upon.  Also in the area are properties zoned BO (think home-based or small business such as hair salons and clinics) and surrounding all of them are single-family residential lots. One could own and live in a home nearby (see our other properties for sale in this region) and truly just walk a few blocks up the street to check on the property. This would also make an excellent acquisition for a developer.  With surrounding SINGLE-family lots asking $18,000 minimum, a MULTI-family in the same region for just $17,000 is a steal.

This property at this price is unlikely to stay on the market for long. Therefore, if you recognize the value in such an acquisition, please don’t hesitate to reach out to us.

1 hr 10 min to Las Vegas
25 min to Nevada/California Border
1 hr 40 min to Mount Charleston
33 min to Red Rock Canyon National Conservation Area
1hr 30 min to Lake Meade
1 hr to Death Valley National Park
1 hr 35 min to Hoover Dam
3 hr 45 min to Joshua Tree National Park

A little more information on Pahrump:
Just over an hour from Las Vegas, Pahrump is the place to be for those who want to be near the big city, but without all the hustle and bustle. Hiking, biking, motorsports, casinos, a winery, offroading, shooting, paintball, and golf, Pahrump has tons to offer. Check out the town at [hidden information] This property is zoned for Rural Residential usage and is a great spot to build a house, park an RV, or build your own horse stable.

History of Pahrump from Wikipedia: 

Pahrump was originally inhabited by the Southern Paiute. It was slowly inhabited by settlers in the late 19th century. They reportedly chose the name for Pahrump after the original indigenous name Pah-Rimpi, or “Water Rock,” so named because of the abundant artesian wells in the valley. Because of the artesian wells, the new inhabitants of Pahrump Valley began a number of large ranch-style holdings, mostly over 1000 acres (4 km²) in size. On the ranches, alfalfa and cotton were grown, and livestock were raised.

View of the mountains from town

Until the 1960s, Pahrump had no telephone service except a radio transmitter phone in a phone booth next to the small market, and there were no paved roads in or out of the Pahrump Valley. However, as Las Vegas grew, real estate speculation became more popular in the area, which led to increased interest in Pahrump.[citation needed] This led to the introduction of telephone service and the construction of a paved highway, from Las Vegas to Pahrump, during the late 1960s. Later, this road (NV 160) was extended from Pahrump northward to US 95, near Amargosa Valley. A second paved road (NV 372) was introduced that went from Pahrump to neighboring Shoshone, California, which provided a link to the Death Valley area, as well as a shorter route to those wishing to travel to Los Angeles or other areas in California. In the fifties and sixties, there was a two-room elementary school and the high school students went to Shoshone. In 1974, Pahrump’s first high school, Pahrump Valley High School was constructed.

Since the late 1970s, Pahrump has grown almost exponentially, increasing from about 2,000 residents in 1980 to 32,000 in 2017. Pahrump is an archetypal example of an exurb. Almost all significant agriculture has grown in the valley[3] and the surface aquifers have been filled up over the years.

A wealthy Las Vegas casino owner, Ted Binion, buried a large treasure of silver in a secret underground vault in Pahrump. In 1998, Binion died under suspicious circumstances and one of the parties accused of murdering Binion was apprehended while digging up the vault in Pahrump. A book about the Binion murder trial (and Las Vegas poker) is Positively Fifth Street by James McManus.[citation needed]

On November 15, 2006, the Pahrump town board voted for an ordinance declaring English the official language of business, forbidding the display of foreign flags and denying any benefits to illegal aliens. A measure in the ordinance requires an American flag to be displayed above any other flag, regardless of what organization, nation or government it represents. This law was never repealed.

On November 4, 2017, Koenigsegg Automotive AB achieved the highest top speed of a production car ever, surpassing the Bugatti Veyron. The Koenigsegg Agera RS reached a top speed of 277.9 mph on Nevada State Route 160.

 

Parcel Details:

Address: 2921 E Deacon St
Size: 1.10 Acres
City: Pahrump
State: Nevada
County: Nye
Subdivision: Calvada Valley U.2

Conveyance: Deed upon payment in full
Access: Road in front of parcel
Elevation: ~2540 ft 775 meters
Zoning: MF (Multifamily)
Land Use: Vacant- Unknown (100)
Power: At street
Water: area serviced by Utilities Inc., Would require extension of water line
Sewer: same as water
Road: Asphalt
Property tax: Property tax: $126.30/yr paid in 4 quarters
Association Dues: None
Time Limit to Build: None
Terrain: Flat dirt and brush

Additional Details:

Foxhole Acres purchased these parcels solely with the intention of reselling it. We have not physically been on the properties nor inspected them. Photos were taken by an individual locally contracted for this purpose. Streetview and aerial images are from Google Earth and Google Maps. Buyer is responsible for verifying the condition of property, boundary, and use restrictions with Nye County. Nye County Building Division may be reached at (775) 751-3773

Accepted Methods of Payment:

  • Cashier Check/Money Order
  • Wire
  • Escrow
  • Zelle

Contact Travis at
300 Opelika Rd #681
Auburn, AL, 36831
www.foxholeacres.com
(512) 643-3684
travis@foxholeacres.com

If you would like to join our mailing least, please either use the contact page of FoxholeAcres.com or join our facebook group at:

www.facebook.com/groups/FoxholeAcres

 

Additional information

Investment Property

This property would make an excellent investment

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