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425-445 Casazza Dr 6 Unit Apartment Building $1,250,000 ($208,333/Unit) 5.92% Cap Rate Reno, NV 89502
EXECUTIVE SUMMARY
Garden style six plex in outstanding location!! In midtown, next to Reno Public Market. Highly desirable, easy to walk to restaurants and shopping makes this a highly sought after location.
Long term tenants, this property has off street parking and washer/dryer in five of the apartment homes.
The apartment homes are truly uncommon in Reno. All have access to beautifully landscaped interior courtyard and their own backyard.
Current rents are lower than average in the area and could have future increase to escalate cap rate.
Long term tenants, this property has off street parking and washer/dryer in five of the apartment homes.
The apartment homes are truly uncommon in Reno. All have access to beautifully landscaped interior courtyard and their own backyard.
Current rents are lower than average in the area and could have future increase to escalate cap rate.
PROPERTY FACTS
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $208,333 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,040 SF |
| Cap Rate | 5.92% | No. Stories | 1 |
| No. Units | 6 | Year Built | 1951 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | CC | ||
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,040 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Opportunity Zone |
Yes |
| Zoning | CC |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 507 |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 013-451-12 | Improvements Assessment | $26,979 |
| Land Assessment | $73,500 | Total Assessment | $100,479 |
PROPERTY TAXES
Parcel Number
013-451-12
Land Assessment
$73,500
Improvements Assessment
$26,979
Total Assessment
$100,479
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425-445 Casazza Dr
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