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1615 Brown St.
Carson City, NV 89701 ·

14 Units · Multifamily For Sale

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Brown Street Apartments

Price N/A Property Sub-type Garden/Low-Rise
No. Units 14 Property Use Type Investment
Building Size 12,644 SF Cap Rate 7.12%
Property Type Multifamily Lot Size 0.92 AC
Listing ID: 15013169 Date Created: 02/21/2007 Last Updated: 04/25/2008

Description

This portfolio consists of a 10-unit apartment bldg and 2 duplexes on 3 lots. The apartment bldg has eight 2 bdrm, 1.5 ba units and two 1 bath studios, each with a carport. This Class "C" property has lower than average total expenses. Due to a recent fire the bldg was completely repainted & a new roof installed. In addition, 2 units were completely remodeled. Taxes shown were calculated and stated by the Tax Assessor's office on 12/15/06. Each duplex consists of a 3 bdrm, 2 ba, 1 car garage unit and a 2 bdrm, 1 ba, 1 car garage unit. All units are fully occupied with above market rents. Tenants pay all utilities except water/sewer. These properties have a strong history of 100% occupancy. Owner has obtained approvals to build an additional 2-3 unit building spanning across the two lots: APN #008-352-02 and APN #008-352-03.

Multi-Family area in East Carson on the corner of N. Edmonds.

Highlights

  • Multi-Family Portfolio
  • Above Market Rents

Research

1615 Brown St., Carson City, NV 89701 (Carson City County)

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