Charming Turn-Key Multifamily Investment Near Midtown Reno and Renown Hospital. Welcome to an excellent investment opportunity in the heart of Reno. This listing features a well-maintained, fully renovated multifamily property with six spacious 2 bed/1 bath units, ideal for investors looking for hassle-free ownership. Built in 1962, this property has a total of 4, 760 square feet, with a solid gross annual income of $111, 744 and 4.5% cap rate with upside potential. This multifamily property is a rare find in the sought-after Reno market, offering a blend of stability and convenience. For a comprehensive marketing package and detailed investment summary, please contact listing agent. Dont miss out on this fantastic opportunity to add this multifamily asset to your real estate portfolio.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BBQ/Picnic Area
- Security Lighting
- Flooring: Laminate
- Window Features: Double Pane, Vinyl Frame, 100% Energy Star
Appliances
- Refrigerator
- Oven/Range
- Dishwasher
- Microwave
- Laundry Facilities: Separate, Common
Heating and Cooling
- Water Heaters: Electric
- Air Unit
- Electric
- Forced Air
- Wall Heater
- EnergyStar APPL 1 or More
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.202
- Lot Size Square Feet: 8799
Garage and Parking
- Garage Description: Designated Parking
- Parking Total: 10
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 6
- Unit Features: Blinds/Shades, Smoke Detector, Keyless Entry
- Number of 2 Bedroom Units: 6
- Total Bathrooms in the 2 Bedroom Units: 1
- Total Actual Rent of 2-Bedroom Units: 1600
School Information
- Elementary School: Booth
- High School: Wooster
- Middle School: Vaughn
Rental Info
- Gross Scheduled Income: 111744
Other Property Info
- Separated Meters-Gas
- Separate Meters-Electric
- Primary Meter-Water
- Separate Water Heaters
- Tenant Pays Utilities
- Source Listing Status: ACTIVE
- County: Washoe
- Directions: Yori Ave & E Taylor St
- Source Property Type: Multi-Family
- Parcel Number: 01314117
- Zoning: MF14
- Property Subtype: Multi-Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 85822
- Operating Expense: 25922
Accessibility Features
Building and Construction
- Total Square Feet Living: 4760
- Year Built: 1962
- Building Exterior Type: Brick
- Construction Materials: Masonry
- Foundation Details: Concrete/Crawl Space
- Property Age: 62
- Roof: Flat
- Levels or Stories: 2
- Structure Type: Apartment Building (up to 8 Unit
Utilities
- City/County Water
- City Sewer
- Electricity
- Natural Gas
- Water Meter Installed
- Internet Available
- Cellular Coverage Avail
Home Features
- Green Energy Efficient: Double Pane Windows, EnergyStar Windows, EnergyStar HVAC 1 or More
