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Browse More Listings in Multifamily For Sale, Reno, NV or Nevada

Multifamily Property For Sale

671 Apple Street

671 Apple Street, Reno, NV 89502

Price:
$1,300,000
No. Units:
20
Building Size:
16,763 SF
Price/Unit:
$65,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
7%
Occupancy:
95%
Lot Size:
49,303 SF
Find Out More...

Last Verified 11/9/2009 Listing ID 16278844

Description

Seven brick buildings on three parcels. Units and roofs in good condition. Four 1 bed/1 bath units, fifteen 2 bed/1 bath units and one 3 bed/2 bath unit. Seven of the two bedrooms and the one three bedroom very large and have under market rents. Each unit has a large patio in back. Several units have fireplaces and many of the units have W/D hookups with remaining units having a separate laundry room. Tenants pay own gas and electric. Well constructed. $77.55/square foot.

Centrally located, near bus lines, shopping and casinos.

Financial Summary

Actual
Net Operating Income
$91,000

Map of 671 Apple Street, Reno, NV 89502 (Washoe County)

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Presented by

Shoenberger & Shoenberger Inc.

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Contact Listing Broker

George Shoenberger (775) 324-4646

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Created 6/14/2009

Additional Information for 671 Apple Street, Reno, NV 89502

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale -

671 Apple Street, Reno, NV, 89502