1517 N Edmonds Dr - 1513 & 1517 N Edmonds Dr 8 Unit Apartment Building Offered at $1,578,000 at a 7.50% Cap Rate Carson City, NV 89701

8 Unit Multifamily | 7.5% CAP | Below Market Price Per Unit | Carson City NV
1513 and 1517 N Edmonds Dr represent an attractive opportunity to acquire two adjacent, well-maintained four-plex buildings totaling eight units in Carson City, Nevada. The property offers a desirable unit mix of larger two-bedroom and three-bedroom apartments that appeal to long-term tenants and families.
The unit mix consists of:
• Four 3 Bed / 2 Bath units (1,008 SF)
• Four 2 Bed / 1 Bath units (780 SF)
All units feature private fenced yards or balconies, an amenity that is uncommon in smaller multifamily properties and highly valued by tenants.
Six units are currently month-to-month, one unit is vacant, and one unit is owner-occupied, creating immediate upside through lease-up and gradual rent adjustments to market levels.
The property is conveniently located in Carson City, with easy access to Reno, Sparks, Lake Tahoe, and the Reno-Tahoe Industrial Center, making it attractive to a broad tenant base throughout Northern Nevada.
Investment Highlights
• 8-Unit Multifamily Investment Opportunity
• Two Adjacent Four-Plex Buildings Offered Together
• 7.5% Pro Forma CAP Rate
• Below-Market Price per Unit for Carson City
• Desirable Unit Mix of 2-Bedroom and 3-Bedroom Units
• Private Yards or Balconies for Every Unit
• 16 Off-Street Parking Spaces
• Month-to-Month Tenancy Provides Rental Upside
• One Vacant Unit and One Owner-Occupied Unit Allow Immediate Income Increase