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Taylor Decos - 4% Owner Financing Available 1101 E Taylor St 6 Unit Apartment Building $1,725,000 ($287,500/Unit) 4.70% Cap Rate Reno, NV 89502
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,725,000 | Building Class | C |
| Price Per Unit | $287,500 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,760 SF |
| Cap Rate | 4.70% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF14 - Multifamily | ||
| Price | $1,725,000 |
| 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 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 013-141-17 | Total Assessment | $130,420 |
| Land Assessment | $83,125 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $47,296 | Tax Year | 2026 |
Property Taxes
Parcel Number
013-141-17
Land Assessment
$83,125
Improvements Assessment
$47,296
Total Assessment
$130,420
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Taylor Decos - 4% Owner Financing Available | 1101 E Taylor St
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