Historical Multifamily Sale Listing - 1355/1375 Carlin St apartments

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1355/1375 Carlin St apartments

1355 Carlin St, Reno, NV 89503

N/A

16 Units | Multifamily

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1355/1375 Carlin Apartments

Multifamily Property - Off Market

Price:
N/A
No. Units:
16
Building Size:
12,440 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8%
Gross Rent Multiplier:
6.94
Occupancy:
88%
No. Stories:
2
Year Built:
1963
Lot Size:
0.36 AC
APN / Parcel ID:
00616408
Parking Ratio:
1.10 / 1,000 SF
Listing ID
15624434
Last Updated
over 1 year ago

Highlights

  • Units are squeaky clean and in good to like new condition
  • New exterior paint 2009

Description

ASSUMABLE LOAN. Vacancy Rate 12.5%. Two parcels, 2 buildings, 16 total units, all 2 bedroom 1 bath, 771 square feet per unit Year Built 1963 New roof 2005 Electrical and plumbing updated $200,000 plus capital improvements last five years November 2007 structural inspection available, all conditions corrected. Parking in between buildings and on street. Basement storage area, laundry facility in each building. Landlord pays for heat, hot water,sewer,water and trash. New gas boilers in basement of each building. Vacancy credit allowance

Located in Northwest Reno, near the I-80 off ramp and Keystone Avenue, near bus stop, shopping centers, and the University of Nevada.

Map of 1355 Carlin St, Reno, NV 89503 (Washoe County)

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