211 E Mizpah Cir - Apartments FOR SALE


Tonopah, NV 89049
$2,100,000 USD
702-376-7344
211 E Mizpah Cir, Tonopah, NV for Sale
$2,100,000 USD
Apartments - FOR SALE
1/5
null | 5.85% Cap Rate

211 E Mizpah Cir
Tonopah, NV 89049


HIGHLIGHTS

  • 30 Units Apartment complex for sale
  • each are individual Townhome
  • Added value,
  • each unit about 1100 sq ft

OVERVIEW

Added Value! Price reduction!! couple of the building need new roof, and paving of the interior driveway and landscaping maybe needed, low rent only $500.00 per units per month, each pays there own utilities, zoned as individual Townhomes Each unit is 2 bedrooms and 1.5 bath 2 story, fireplace, living, dining room, area, breakfast bar, laundry area, patio storage shield. Each unit about 1100 sq ft Rent for a averaging for 1 bedroom 1 bath $700.00 average for 2 bedroom and 1 bath $ 800.00 lots of upside potential, I proforma at a rent of $675.00 per month Asking $2,100,000 Proforma cap rate 8.86% More: Also been talking with the mapping department and planning these unit could be sold individually in the future with by a new survey, there would be some work involved like , survey the whole property for a subdivision and then each individual unit, CC&R’s however might be a nice benefit in the future.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

30

PRICE/UNIT

$70,000

CAP RATE

5.85%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sale as individual units in future

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

Multi-Family

APN/PARCEL ID

08-411-01,08-412-01

ASK ABOUT THIS PROPERTY

Sandy Fink, CCIMSandra L Fink & Associates IncMore Info
702-376-7344

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Sandy Fink, CCIMSandra L Fink & Associates IncMore Info
702-376-7344

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