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Sutro Six Townhomes 2440 Sutro St 6 Unit Apartment Building $1,050,000 ($175,000/Unit) 5.03% Cap Rate Reno, NV 89512
Investment Highlights
- All 2 bedroom Townhome Style Units
- Upside In The Rents
- Balconies Off The Master Bedroom
Executive Summary
The Sutro Six at 2440 Sutro Street presents an opportunity to acquire a 6-unit townhome style asset located in Reno, NV. This asset offers affordable work
force housing with great access to bus lines, Interstate 80, shopping, and employers. These two bedroom, one bathroom units each have large kitchens, private
balconies, on-site parking, and approximately ±864 sq ft of living space.
force housing with great access to bus lines, Interstate 80, shopping, and employers. These two bedroom, one bathroom units each have large kitchens, private
balconies, on-site parking, and approximately ±864 sq ft of living space.
Financial Summary (Actual - 2025) 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 (Actual - 2025) 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 | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.03% | Building Size | 5,184 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Zoning | MF30 - Multifamily 30 units per acre | ||
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,184 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | MF30 - Multifamily 30 units per acre |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,073 | 856 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 004-093-17 | Total Assessment | $120,665 (2026) |
| Land Assessment | $70,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $50,665 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
004-093-17
Land Assessment
$70,000 (2026)
Improvements Assessment
$50,665 (2026)
Total Assessment
$120,665 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Sutro Six Townhomes | 2440 Sutro St
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