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- LoopNet Team
858 Gentry Way
Reno, NV 89502
South Forty · Multifamily Property For Sale
·
7,627 SF
INVESTMENT HIGHLIGHTS
- Central Location
- Pride, of ownership, homes have been upgraded upon turnover
- 7 Family Homes & 10 Mobile Home Sites
- Longterm, loyal tenants
- New blacktop and community water main
PROPERTY FACTS
| No. Units | 17 | Building Size | 7,627 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1945 |
| Building Class | C | Parking Ratio | 3.15/1,000 SF |
| Lot Size | 1.62 AC | ||
| Zoning | AC | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 7,627 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 3.15/1,000 SF |
| Zoning | AC |
ABOUT 858 GENTRY WAY , RENO, NV 89502
The South 40 is a private community in a park-like setting, consisting of 7 freestanding homes and 10 mobile home sites. The single-family residences have fenced yards and ample off-street parking. There is a new main waterline and blacktop paving. The community is well maintained and has loyal, long-term tenants. The interiors of each residence has been upgraded upon turnover. Centrally located, only a few minutes from the Reno/Tahoe International Airport, and right down the street from Reno’s trendiest bars and restaurants in mid-town. Offered at a 6+ percent capitalization rate. Call Todd with any questions 775-830-3735. See attached financials (APOD). The property has 7 oil tanks. The only tank in use is in the 4 Bed House (858). See attached informational package on Heating Oil Tanks from Nevada EPA.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,100 | 786 - 948 |
| 2+2 | 10 | $620.00 | 750 |
| 4+2 | 1 | $1,995 | 2,487 |
