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Listing 7 out of 1,195
$1,080,000 New Active/Pending-Call

3001 W 4th
Reno, NV

12 units | Multi Family Home
0.5 acres - MLS# 180006577
Property Photo
1/25

Description

Outstanding 12 unit property on .50 acre lot. Secluded setting, yet close to town. Recently renovated and fully occupied (as of June 1). Onsite laundry provides additional income. Ten 1 bedroom units, two 2 bedroom units. Adjacent .77 acre parcel APN 006-250-46 available for $130, 000. Possible seller financing on that parcel only. New, high efficiency oil furnace heats ten units. Two units on propane heat. Property is on a private well and city sewer. Incredible 8 % cap rate. APOD in associated documents.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active/Pending-Call
  • County/Area: Washoe County
  • Year Built: 1956
  • Stories: 1 Story
  • Units: 12 units
  • # of Parking Spaces: 60
  • Lot Size: 0.5 acres
  • Zoning: MUW4
  • Area: Reno-Old Northwest
  • # Buildings: 1
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 10
  • 1 Bedroom - Avg Rent/Unit: 832
  • 1 Bedroom - Sqft/Unit: 450
  • 2 Bedroom - # Baths: 2
  • 2 Bedroom - # Units: 2
  • 2 Bedroom - Avg Rent/Unit: 1500
  • 2 Bedroom - Sqft/Unit: 800
  • Access Type: Private
  • Annual Expenses: 44994.61
  • Annual Income & Expenses: Pro Forma
  • Annual Vacancy: 4077
  • Appliances: Refrigerator, Oven/Range, Dishwasher, Microwave, Varies Per Unit, Energystar Appl 1 Or More
  • Common Features: Bbq/Picnic Area
  • Construction: Wood Frame
  • Exterior: Stucco
  • Facility Features: Master Meter-Electric, Separate Water Heaters, Central Water Heaters, Separate Heating/Cooling, Master Heating/Cooling, Landlord Pays Utilities
  • Fenced: Full
  • Flooring: Ceramic Tile
  • Foundation: Concrete Slab
  • Green Features: 1+ Energy Star Appliance
  • Gross Scheduled Income: 136300
  • Gross Square Footage: 6026
  • Heating/Cooling: Air Unit, Oil, Forced Air
  • Landscaped: Fully Landscaped
  • Laundry: Common
  • Net Operating Income: 87228.39
  • Owner(s) May Sell: Exchange 1031, Conventional, Cash
  • Parking Types: Common
  • Price Per Sqft: 179.22
  • Roof: Composition/Shingle, Pitched
  • Sprinklers: Drip-Full
  • Type Of Property: Apartment Complex
  • Unit Features: Blinds/Shades, Patio/Deck, Smoke Detector, Varies Per Unit
  • Utilities: City Sewer, Electricity, Oil Stove, Propane, Well-Private
  • Water Heater: Electric
  • Windows: Double Pane, Vinyl Frame
Courtesy of Ferrari-Lund Real Estate Reno

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Bill Callos  |  775-338-5054  |  Email Bill
Mountain West Realty  |  470 E. Plumb Ln, Reno, NV 89502