This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
180 Mortensen Ln
Fernley, NV 89408
4-Plex in Fernley, NV · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 1,974 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | B | Year Built/Renovated | 1977/2011 |
| Zoning | NR2 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 1,974 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1977/2011 |
| Zoning | NR2 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 180 MORTENSEN LN , FERNLEY, NV 89408
This 4-plex has three 2 bedroom 1 bath units and one 1 bedroom, 1 bath unit. Two of the 2 bedroom unit have a fenced rear yard. The is plenty of off street parking in the gravel yard. There is a laundry room in the back with included coin operated washer and gas dryer. The building was extensively remodeled in 2011 with new roof, kitchen cabinets, flooring, and painted inside and out. Units 3 and 4 were remodeled again in 2016 with paint, new flooring, new bathtub in #3. This property is always fully rented and there is very high demand in the area with the Tesla Gigafactory 15 miles away and the Tahoe Reno Industrial Park also. Unit #1 has a new lease and is rented close to market rate, however the other units are month-to-month. The rental income currently is $2600/mo which is slightly below the market rate, which is $2750 according to the property manager. The laundry machines bring in about $60/mo. All photos taken December 2019.
PROPERTY TAXES
| Parcel Number | 020-041-47 | Improvements Assessment | $20,125 |
| Land Assessment | $45,500 | Total Assessment | $65,625 |
PROPERTY TAXES
