$1,000,000
$1,200,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
6 Baths
5,266 SqFt
SOLD DATE : 10/26/2022
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Apartment Building (up to 8 Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,266 sqft
Price per Sqft $189
Subdivision Nv
MLS Listing ID 220006657
Sold Date 10/26/22
Bedrooms 12
Year Built 1983
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Apartment Building (up to 8 Units)
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
Area Fernley
Zoning MF30
Interior
Heating Central Refrig A/C, Natural Gas, Forced Air
Cooling Central Refrig A/C, Natural Gas, Forced Air
Flooring Carpet, Ceramic Tile, Sheet Vinyl
Appliance Disposal, Oven/Range
Laundry Hall, Hook-Up
Exterior
Exterior Feature Brick
Fence Back, Partial
Utilities Available City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Internet Available
Roof Type Composition/Shingle,Pitched
Total Parking Spaces 12
Building
Story 1 Story
Foundation Concrete/Crawl Space
Water Natural Gas
Level or Stories 1 Story
Structure Type Wood Frame
Schools
Elementary Schools Cottonwood
Middle Schools Fernley
High Schools Fernley
Others
Tax ID 02040106
SqFt Source 5266
Special Listing Condition None
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