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
130-132 W. 2nd Street
Reno, NV 89501
For Sale · $4,350,000
34,907 SF Building
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