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415-427 N Taylor St 6 Unit Apartment Building $1,150,000 ($191,667/Unit) 4.33% Cap Rate Fallon, NV 89406

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EXECUTIVE SUMMARY

Great investment. Zero vacancy rate. New roof in 2016. Will entertain all offers. Make your best.

FINANCIAL SUMMARY (ACTUAL - 2020)

ANNUAL ANNUAL PER SF
Gross Rental Income $67,132 $11.23
Other Income - -
Vacancy Loss - -
Effective Gross Income $67,132 $11.23
Taxes $3,064 $0.51
Operating Expenses $22,492 $3.76
Total Expenses $25,556 $4.27
Net Operating Income $41,576 $6.95

FINANCIAL SUMMARY (ACTUAL - 2020)

Gross Rental Income
Annual $67,132
Annual Per SF $11.23
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $67,132
Annual Per SF $11.23
Taxes
Annual $3,064
Annual Per SF $0.51
Operating Expenses
Annual $22,492
Annual Per SF $3.76
Total Expenses
Annual $25,556
Annual Per SF $4.27
Net Operating Income
Annual $41,576
Annual Per SF $6.95

PROPERTY FACTS

Price $1,150,000
Price Per Unit $191,667
Sale Type Investment
Cap Rate 4.33%
Sale Condition 1031 Exchange
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.33 AC
Building Size 5,980 SF
Average Occupancy 100%
No. Stories 2
Year Built 1987
Parking Ratio 0.33/1,000 SF
Zoning RC

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 2 - -
3+2 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-024-18
Land Assessment
$22,400 (2025)
Improvements Assessment
$119,933 (2025)
Total Assessment
$142,333 (2025)
Annual Taxes
$3,064 ($0.51/SF)
Tax Year
2020
  • Listing ID: 22514813

  • Date on Market: 3/19/2021

  • Last Updated:

  • Address: 415-427 N Taylor St, Fallon, NV 89406

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