1365 & 1395 Stardust Street
1365 & 1395 Stardust Street, Reno, NV 89503
$1,200,000
16
12,544 SF
$75,000
Multifamily
Garden/Low-Rise
Investment
2%
7.02%
97%
0.36 AC
-
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Last Verified 1/27/2010
Listing ID 15706821
Description
* Excellent cap rate, very low maintenance, strong occupancy and room to increase rents.
* 16-Unit property consisting of 9 1bd/1ba (645 sf +/-), 4 2bd/1ba (825 sf +/-), 2 2bd/1.5ba (850 sf +/-) and 1 3bd/1ba (1,080 sf +/-) units.
* Property consists of two 2-story buildings with flat roofs linked by walkways and stairs.
* 16 total parking spaces (6 covered spaces).
* Large storage area in each building.
*Separately metered for gas and electric. Owner pays sewer, trash, water, common area electric and hot water for two laundry facilities.
*Common area amenities include a laundry facility for each building with 2 washers & 2 dryers (coin-operated).
*Each unit includes a thermostat controlled central heating unit, an A/C wall unit, and garbage disposal.
*4 units include large enclosed patios.
*Offering includes a substantial amount of spare fixtures, furniture, and appliance parts.
Very well located just off I-80 and Keystone Avenue near Downtown Reno, the University of Nevada Reno, retail, commercial and employment centers.
Map of 1365 & 1395 Stardust Street, Reno, NV 89503 (Washoe County)
Brokerage Firm
CB Richard Ellis
Created 5/12/2008
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.