$1,075,000
$1,250,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
5,016 SqFt
SOLD DATE : 12/30/2022
Key Details
Sold Price $1,075,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,016 sqft
Price per Sqft $214
MLS Listing ID 220014304
Sold Date 12/30/22
Year Built 1979
Annual Tax Amount $3,845
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 0.24
Property Sub-Type Multi Family
Property Description
Seven-unit multifamily investment property located in excellent , high desirable for rent location of Old Northwest Reno. This Asset has been well-cared by the current ownership. Functional floorplans, law maintenance landscaping, easy access to Interstate 80, University of Reno, McCarran Blvd and more, make this property to be a well-positioned as a favorable long-term investment in growing Reno rental Market and incoming major employers., Seven-unit multifamily investment property located in excellent , high desirable for rent location of Old Northwest Reno. This Asset has been well-cared by the current ownership. Functional floorplans, law maintenance landscaping, easy access to Interstate 80, University of Reno, McCarran Blvd and more, make this property to be a well-positioned as a favorable long-term investment in growing Reno rental Market and incoming major employers. Landlord-friendly Nevada laws, benefit from Nevada's lack of a state income tax, competitive cap rates are the great benefits for investors in this multifamily property.
Location
State NV
County Washoe
Zoning MF30
Direction Talus Way
Interior
Heating Natural Gas
Flooring Varies
Laundry Common Area
Exterior
Parking Features Alley Access, Assigned
Utilities Available Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
Roof Type Pitched
Garage No
Building
Lot Description Landscaped
Story 2
Foundation Crawl Space
Water Public
Structure Type Frame,Wood Siding
Others
Tax ID 00323415
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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