1101 E Taylor St - Apartments FOR SALE


Reno, NV 89502- Wells Avenue Neighborhood
$1,750,000 USD
775-233-0754
1101 E Taylor St, Reno, NV for Sale
$1,750,000 USD
Apartments - FOR SALE
1/17
null | 4.23% Cap Rate


HIGHLIGHTS

  • Turnkey multifamily investment
  • Proximity to Midtown Reno
  • Currently managed by a skilled and reliable property manager who is available to stay on post-sale
  • Solid gross annual income of $105,319
  • With a slight adjustment in rents, the property can reach a 5% annual return (cap rate)

OVERVIEW

Charming turnkey multifamily investment near Midtown Reno. This well-maintained property is a rare find in the highly sought-after Reno market. Featuring six spacious 2 bed / 1 bath units, it’s an ideal opportunity for investors seeking hassle-free ownership and long-term stability. Currently managed by a skilled and reliable property manager who is available to stay on post-sale, this is a truly streamlined investment. With a slight adjustment in rents, the property can reach a 5% annual return (cap rate), making it a strong performer in today’s market. Built in 1962 and offering a total of 4,760 square feet, the property generates a solid gross annual income of $105,319. Its proximity to Midtown Reno adds to the appeal for tenants and investors alike. For a comprehensive marketing package and detailed investment summary, please contact us directly. Don’t miss this fantastic opportunity to add a quality asset to your portfolio.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

4.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,799 SF

ZONING

MF14

APN/PARCEL ID

013-141-17

ASK ABOUT THIS PROPERTY

Trevor RichardsonAddress IncomeMore Info
775-233-0754

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Trevor RichardsonAddress IncomeMore Info
775-233-0754

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