This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Multifamily Property is no longer advertised on LoopNet.com.

475 E Cedar St
Fernley, NV 89408
Cedarwood Apartments · Multifamily Property For Sale · 32 Units

INVESTMENT HIGHLIGHTS

  • PRICED well below replacement costs at $164,844 per unit and $272 per SF
  • RENOVATIONS on unit turns with new ceiling fans and wood blinds
  • ON SITE laundry room
  • TREMENDOUS value-add opportunity to amenitize units and improve overall operations
  • STRONG historical occupancy at 100%
  • EXPONENTIAL job growth to Lyon County including Tesla, Switch Digital, Apple, and Polaris

PROPERTY FACTS

No. Units 32
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class B
Lot Size 1.58 AC
Building Size 19,392 SF
Average Occupancy 100%
No. Stories 1
Year Built 2001
Zoning NR2 - MF30 (Five of More Units) Low Rise

AMENITIES

UNIT AMENITIES

  • Cable Ready
  • Dishwasher
  • Ceiling Fans
  • High Speed Internet Access
  • Carpet
  • Wi-Fi

SITE AMENITIES

  • Laundry Facilities
  • Property Manager on Site

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 32 $1,075 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
020-102-12
Land Assessment
$56,000
Improvements Assessment
$399,024
Total Assessment
$455,024
  • Listing ID: 23475542

  • Date on Market: 6/21/2021

  • Last Updated:

  • Address: 475 E Cedar St, Fernley, NV 89408

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}