About

3905 Pheasant in Carson City is a fully occupied fourplex where a 6.11 percent cap rate is easily achieved by modestly adjusting rents to market value. The property features three 2-bed/1.5-bath units and one 3-bed/1.5-bath unit, with long-term tenants currently paying below-market rents. Built in 1994 and recently renovated, it offers minimal deferred maintenance, strong in-place income, and clear upside. Positioned on a prime corner near shopping, entertainment, and freeway access, this turnkey multifamily comes with a full investment analysis that makes the numbers simple—ask us for it.