3421 Neil Road
Reno, NV 89502 ·
34 Units · Multifamily For Sale
100% Occupied 34 Unit Complex at 3421 Neil Rd
|No. Units||34||Cap Rate||8.03%|
|Building Size||30,259 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1963|
|Property Sub-type||Garden/Low-Rise||Lot Size||1.57 AC|
|Property Use Type||Investment||APN / Parcel ID||020-281-18, 33, 35, 49|
|Listing ID: 17979820||Date Created: 01/14/2013||Last Updated: 03/19/2014|
Great centrally located apartment building that has a great rental history and has close freeway access. The property consists of 2 and 3 bedroom units over 10 buildings (Four duplex units with fenced yards approximately 784 ± square feet each, one townhome style 4-plex unit with fenced yards approximately 1076 square feet each, four 4-plex units approximately 960 square feet each, and one 6-plex unit approximately 720 square feet each) and 4 separate parcels. The property has been immaculately maintained with the owner having spent well over $200,000 ± upgrading sewer line, roofs, and parking lots. The rental history has been pretty stable with several of the tenants having lived in the complex for more than 4 years.
The subject property has great freeway access from the Moana exit located off Highway 395/580. It is also close to bus stops for public transportation. It is also just a short drive to shopping, the Reno Tahoe Airport, Meadowood Mall, the Peppermill & Atlantis Hotel Casino' s, and much more.
- 100% occupancy with waiting list
- Close to public transportation
- Over $200,000 ± upgrading sewer line, roofs, and parking lots
- Many long term tenants
- Close freeway access
3421 Neil Rd.
Reno, NV 89502
For Sale · $2,150,000
30,259 SF Building
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.