This Multifamily Property is Off-Market.

1355 Carlin St
Reno, NV 89503 ·

16 Units · Multifamily For Sale

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1355/1375 Carlin St apartments

Price N/A Gross Rent Multiplier 6.94
No. Units 16 Occupancy 88%
Building Size 12,440 SF No. Stories 2
Property Type Multifamily Year Built 1963
Property Sub-type Garden/Low-Rise Lot Size 0.36 AC
Property Use Type Investment APN / Parcel ID 00616408
Commission Split 2% Parking Ratio 1.10 / 1,000 SF
Cap Rate 8%
Listing ID: 15624434 Date Created: 03/20/2008 Last Updated: 05/10/2011

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.

Highlights

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

Research

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

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