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- LoopNet Team
195 Lois Ln
Fernley, NV 89408
PEPPERTREE APARTMENTS --63 UNIT COMPLEX · Multifamily Property For Sale
·
63 Units
INVESTMENT HIGHLIGHTS
- 63 UNIT APARTMENT COMPLEX IN FERNLEY, NEVADA CLOSE TO SHOPS, RESTAURANTS, RECREATION/PARKS and EMPLOYMENT
- MINUTES FROM INTERSTATE I-80 ON/OFF RAMPS & HIGHWAYS 95A & 50 WITH OVERNIGHT DELIVERY BY TRUCK TRANSPORTATION TO ALL WESTERN STATES
- "TRIC" IS ONE OF THE "WORLDS LARGEST INDUSTRIAL CENTERS" EMPLOYING 1000's OF PEOPLE AND IS CONTINUING EXPANSIONS CREATING MORE JOB OPPORTUNITIES
- ONE OF THE CITY'S LARGEST MULTI -FAMILY APARTMENT DEVELOPMENTS WITH 7 BUILDINGS IS SITUATED ON APPROXIMATELY 3 ACRES.
- EASY COMMUTE TO TAHOE RENO INDUSTRIAL CENTER (TESLA/PANASONIC, GOOGLE, BLOCKCHAIN, WALMART, SWITCH, CHEWYS, ETC.) OR THE FALLON NAVAL AIR STATION BASE
- NEAR VICTORY LOGISTICS DISTRICT COMPRISED OF 4,300 ACRE INDUSTRIAL PARK ADDING THOUSANDS OF ADDITIONAL JOBS TO FERNLEY
PROPERTY FACTS
| No. Units | 63 | Lot Size | 2.98 AC |
| Property Type | Multifamily | Building Size | 47,616 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1995 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Zoning | NR2 - Multi-Family | ||
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.98 AC |
| Building Size | 47,616 SF |
| No. Stories | 2 |
| Year Built | 1995 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | NR2 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Refrigerator
- Range
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Grill
ABOUT 195 LOIS LN , FERNLEY, NV 89408
ONE of the THE LARGEST APARTMENT COMPLEXES IN FERNLEY, NEVADA FOR SALE WITH 2.98 ACRES of PROPERTY. THE PEPPERTREE APARTMENTS ARE LOCATED IN THE FEDERAL GOVERNMENT APPROVED OPPORTUNITY ZONE. Buyer may be eligible for preferred tax treatment. (63) sixty-three Apartments Consisting of (7) Buildings w/ (1)-studio & (62) 2-bedroom 1-bath apartments. There are 3 convenient laundry rooms with(20 Washers & Dryers). Covered tenant parking and additional guest parking also on site. The individual units have separate gas and electric meters. Tenants pay gas, electric & cable. Owner pays garbage pickup, sewer and water. Complex has external security cameras and lighting. Northern Nevada's solid economy provides ample employment opportunities within 10-30 minutes drive time. *Buyer to cooperate with Seller to enable a possible IRS #1031 exchange to be accomplished with no cost to Buyer. *** PLEASE DO NOT DISTURB TENANTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $750.00 | 340 |
| 2+1 | 62 | $1,000 | 745 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $918,144 | |
| Land Assessment | $175,000 | Total Assessment | $1,093,144 |
PROPERTY TAXES
