475 E Cedar St | Fernley, NV 89408
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- LoopNet Team
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
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
| Parcel Number | 020-102-12 | Improvements Assessment | $399,024 |
| Land Assessment | $56,000 | Total Assessment | $455,024 |
PROPERTY TAXES
Parcel Number
020-102-12
Land Assessment
$56,000
Improvements Assessment
$399,024
Total Assessment
$455,024
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