$1,000,000
$1,200,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
5,266 SqFt
SOLD DATE : 10/26/2022
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,266 sqft
Price per Sqft $189
MLS Listing ID 220006661
Sold Date 10/26/22
Year Built 1983
Annual Tax Amount $4,289
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 0.49
Property Sub-Type Multi Family
Property Description
Spacious 6-plex located in Fernley with 6 single level brick apartments with private patios. Each apartment is 877 sq ft with 2 bed, 1 bath, backyard and 2 parking spaces. The building is set back off the street with mature landscaping and trees. Walking distance to the shops, restaurants, cafes and quick access to highways. The property is turn key As-Is and has the potential for some value add. All units are rented with month-to-month leases. Estimated market rents for the 6-plex is $8,100 per month, The pro-forma estimated CAP rate is 5.63%.
Location
State NV
County Lyon
Zoning MF30
Direction Main St. to Newlands to Jill Ct.
Interior
Heating Floor Furnace, Natural Gas
Cooling Central Air, Refrigerated
Flooring Ceramic Tile
Laundry In Hall, Washer Hookup
Exterior
Parking Features Assigned
Utilities Available Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
View Y/N No
Roof Type Composition,Pitched,Shingle
Garage No
Building
Lot Description Landscaped, Other
Story 1
Foundation Crawl Space
Water Public
Structure Type Brick,Frame
Others
Tax ID 02040105
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner May Carry
Listing Terms 1031 Exchange, Cash, Conventional, Owner May Carry
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