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1101 E Taylor St
Reno, NV 89502
Taylor Decos - 4% Owner Financing Available · Multifamily Property For Sale
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6 Units
Investment Highlights
- 4% Owner Financing Available
- Recent Renovation
- Popular All 2 Bed Unit Mix
- On-Site Laundry Facility
- Upside in the rents
- On-Site Parking
Executive Summary
The Taylor Decos consists of 6 total units, on a large lot, bordering both the Renown Medical and Grove rental submarkets in Reno, NV. This asset offers a popular unit mix of 6 two bedroom one bathroom, 793 +_ sq ft units. The asset has received many recent renovations adding modern finishes which include LVP flooring, upgraded fixtures, new countertops, stainless steel appliances, tile shower and tub surrounds, modern lighting and much more. The property has onsite laundry but there is upside to adding in unit laundry and increasing rents. Owner financing available!!! The owner is willing to carry a new 1st deed of trust at 4% interest with 40% down with a full balloon in 3 to 5 years on approved credit of Buyer. The location provides great access to restaurants, retail shops, Renown Medical Center, major bus lines, and community events all just steps from their front door.
Property Facts
| Price Per Unit | $287,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.70% | Building Size | 4,760 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2020 |
| Apartment Style | Low-Rise | Parking Ratio | 2.1/1,000 SF |
| Zoning | MF14 - Multifamily | ||
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2020 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | MF14 - Multifamily |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
Site Amenities
- Picnic Area
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,475 | 800 |
Property Taxes
| Parcel Number | 013-141-17 | Improvements Assessment | $47,296 |
| Land Assessment | $83,125 | Total Assessment | $130,420 |
Property Taxes
Parcel Number
013-141-17
Land Assessment
$83,125
Improvements Assessment
$47,296
Total Assessment
$130,420
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