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4240 Sherman Ln 4 Unit Apartment Building $1,350,000 ($337,500/Unit) 5.40% Cap Rate Carson City, NV 89706
Investment Highlights
- Each Unit Has Washer/Dryer Hook Ups
- 2 Car Garage Parking
- Fenced Yards
- Large .38 Acre Corner Lot
- All 2 Bed 2 Bath Units
Executive Summary
The Sherman Four Plex in Carson City, NV is a unique opportunity to acquire to contiguous duplex buildings in one transaction. The 4-plex offers all 2 bedroom 2 bathroom units, secured 2 car garage parking for each unit, in unit laundry hookups, and fenced yards. All these are very attractive features for potential tenants and the current rents are below market leaving upside to the next Buyer. Each duplex is on its own APN and the legal addresses are 4240 & 4264 Sherman Lane.
Carson City is a popular rental submarket and is the state capital of Nevada and houses many government buildings, legislative meetings, and is a short distance to Tahoe Reno Industrial Center (the largest industrial park in the world) and South Lake Tahoe. The area sees many residences and visitors seeking both employment, recreation and business.
Carson City is a popular rental submarket and is the state capital of Nevada and houses many government buildings, legislative meetings, and is a short distance to Tahoe Reno Industrial Center (the largest industrial park in the world) and South Lake Tahoe. The area sees many residences and visitors seeking both employment, recreation and business.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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 | $1,350,000 | Apartment Style | Garden |
| Price Per Unit | $337,500 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 4,400 SF |
| Cap Rate | 5.40% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | ||
| Zoning | GC - General Commercial | ||
| Price | $1,350,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.39 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1992 |
| Zoning | GC - General Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Yard
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,753 | 1,100 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 008-795-31 | Total Assessment | $85,304 |
| Land Assessment | $26,250 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $59,054 | Tax Year | 2026 |
Property Taxes
Parcel Number
008-795-31
Land Assessment
$26,250
Improvements Assessment
$59,054
Total Assessment
$85,304
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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