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$4,108/mo
Address Income
This is the propertie's net monthly income after collected rents and expenses, known and estimated.
6.01%
Annual Return (Cap Rate)
The Capitilization Rate or "Cap Rate" is the Net Operating Income divided by the Purchase Price.
Investment Analysis
Download a full Multifamily Investment Property Analysis (MIPA)
Details
Status | Active |
---|---|
MLS # | 250054980 |
Taxes | $2,227 / year |
Type | Multifamily |
Year Built | 1938 |
Lot Size | 0.138 AC / 6,011 SF |
County | Washoe County |
Unit Mix
Unit Type | # Units | Average SF |
---|---|---|
Studio | ||
1 BR | ||
2 BR | 3 | 1,019 |
3 BR | ||
4 BR | ||
Total | 3 | 3,074 |
About
Fully permitted triplex with a newer roof, exterior paint, and interior renovations! Featuring a standalone 2-bed, 2-bath house in the back built in 1988 with 1,002 sq. ft., a private backyard, ample parking, in-unit laundry, and a storage shed. On the same lot, there's a permitted duplex in the front of the parcel — each unit offering 2 bedrooms, 1 bath, and 1,037 sq. ft. apiece, also with ample parking and in-unit laundry. Two units have been recently renovated with new flooring, paint, countertops, and more. The top duplex unit has been recently painted and is currently rented at 1,700/month. With achievable market rents of 2,000 for the standalone house, 1,700 for the top duplex unit, and 1,700 for the bottom duplex unit, the property pencils at a 6 cap at the asking price. Recent upgrades include a newer roof, fresh exterior paint, interior paint, and ongoing interior improvements — making this a turnkey opportunity with strong cash flow and long-term equity growth, in a very desirable rental area. Only 25 minutes from the Tesla Gigafactory and Semi Truck factory! Reach out to listing agent for full cash flow analysis breakdown
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