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3596 Gypsum Rd
Reno, NV 89503
Gypsum Eight · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Stabilized Asset
- Renovated Units
- Near UNR and TMCC
Executive Summary
The Gypsum Eight features 2 four-plex buildings with a total of 8 units that are all two bedrooms and one bathroom with approximately 676 sq ft. The property is located in Reno, NV with excellent access to Highway 395, The University of Nevada, Reno, Truckee Meadows Community College, and the McCarran Blvd main thoroughfare, making commuting easy for residents. The exteriors feature on-site laundry and assigned, on-site parking. The interior finishes vary by unit but most feature granite countertops, white shaker cabinets, stainless steel appliances, modern lighting, subway tile bathrooms, newer HVAC units, and LVP flooring. Some tenants do currently pay utility reimbursements and there is upside to implementing that on all units.
Property Facts
| Price Per Unit | $184,375 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,408 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Building Class | C | ||
| Zoning | MF30 | ||
| Price Per Unit | $184,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1/1,000 SF |
| Zoning | MF30 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
- Family Room
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 676 - 700 |
Property Taxes
| Parcel Number | 003-236-04 | Improvements Assessment | $67,037 |
| Land Assessment | $66,500 | Total Assessment | $133,537 |
Property Taxes
Parcel Number
003-236-04
Land Assessment
$66,500
Improvements Assessment
$67,037
Total Assessment
$133,537
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