1050 W 2nd St - Apartments FOR SALE


Reno, NV 89503
$1,250,000 USD
775-391-9076
1050 W 2nd St, Reno, NV for Sale
$1,250,000 USD
Apartments - FOR SALE
1/64
null | 5.41% Cap Rate

1050 W 2nd St
Reno, NV 89503


OVERVIEW

Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential. Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don’t miss out on this opportunity to invest in a promising property with strong rental potential!

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

5.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CC

APN/PARCEL ID

010-046-34

ASK ABOUT THIS PROPERTY

Laura KirschMarmot PropertiesMore Info
775-391-9076

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Laura KirschMarmot PropertiesMore Info
775-391-9076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.