650 Elko Ave - Multi-Family FOR SALE


Reno, NV 89512- Downtown Reno
$830,000 USD
775-600-7264
650 Elko Ave, Reno, NV for Sale
$830,000 USD
Multi-Family - FOR SALE
1/16
null | 6% Cap Rate

650 Elko Ave
Reno, NV 89512
Downtown Reno


HIGHLIGHTS

  • Great Unit Mix
  • 6 Cap
  • Renovated Property

OVERVIEW

Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit, and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry. Coin operated laundry generates additional income. This 4 plex is near the University and MidTown, attracting a wide range of tenants!

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

4

PRICE/UNIT

$207,500

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated 6 Cap Four Plex in Reno

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

MD-ID

APN/PARCEL ID

008-183-18

ASK ABOUT THIS PROPERTY

Austyn MooreCBREMore Info
775-600-7264

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Austyn MooreCBREMore Info
775-600-7264

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