530 Moran St
Reno, NV 89502
Multifamily Property For Sale · 5 Units

Under contract. Great turn-key five unit property in the Wells Avenue Neighborhood Conservation District. Possibility to split the lot and sell the house and 4 plex separately. Walking distance to Midtown, Downtown and easy access to Interstate 80 and UNR. One single family home and one four-plex on one lot. All units have washer and dryer provided by landlord. All units have off street parking and all are separately metered. Tenants pay their own gas and electric in all units. Cap rate with a property manager is 6%. Manage yourself and increase your return on investment. Possible assumption of existing private financing. 530 Moran main house was built in 1934 and completely renovated in 2017. It is a 2 bedroom, 1 bath home with freshly refinished hardwood floors, private yard and garage, basement, new forced air conditioning, completely remodeled kitchen with all new cabinets, energy efficient, stainless steel appliances including dishwasher and Caesarstone counter tops and tile backsplash. All new interior doors, new exterior and interior paint, low maintenance landscaping and all new Pex plumbing lines. 530 Moran 4 plex has 4 fully occupied units with an average rent of $710. It has all new dual tone exterior paint and a freshly resurfaced parking lot. Two of the units have brand new washer and dryer.