$975,000
$998,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
4,030 SqFt
SOLD DATE : 11/01/2022
Key Details
Sold Price $975,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,030 sqft
Price per Sqft $241
MLS Listing ID 220013750
Sold Date 11/01/22
Year Built 1968
Annual Tax Amount $2,392
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.14
Property Sub-Type Multi Family
Property Description
At $124,500 per unit Greenbrae 8 is priced according to the changes in the investment marketplace. The simple one bedroom one bath units are well maintained and ready for the next owner looking for a high upside in returns. This property has the potential of an estimated 6.3% cap or 7% cap with modest rent increases at market rates with some renovations. This is currently the best value small multifamily deal in the Reno/Sparks market., Please request a full marketing package that includes all financial info and potential cash flow analysis.
Location
State NV
County Washoe
Zoning C2
Direction Pyramid
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Laminate
Laundry None
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
Roof Type Composition,Pitched,Shingle
Building
Story 2
Foundation Slab
Water Public
Structure Type Frame,Wood Siding,Masonry Veneer
Others
Tax ID 03301312
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "