$1,025,000
$1,100,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
3 Baths
5,640 SqFt
SOLD DATE : 06/27/2023
Key Details
Sold Price $1,025,000
Property Type Multi-Family
Sub Type Apartment Building (up to 8 Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,640 sqft
Price per Sqft $181
Subdivision Nv
MLS Listing ID 230006120
Sold Date 06/27/23
Bedrooms 8
Year Built 1944
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Apartment Building (up to 8 Units)
Property Description
Profitable and well cared for 7-plex in a desirable Reno location! All units were totally updated around 2004 including kitchens, bathrooms, and tile floors. The apartment building contains 6 - 2 bedroom / 1 bath units with lots of storage space and a coin-operated laundromat common area. The home on the property is a 3 bedroom, 2 bathroom and was also completed updated around 2004. The oversized 2-car garage is a divided space and is separately rented for additional income. Gross scheduled income is approximately $74,600 and recurring annual expenses (insurance, taxes, and owner paid utilities) are approximately $20,265.
Location
State NV
County Washoe
Area Reno-Southeast
Zoning MF14
Interior
Heating Natural Gas, Forced Air
Cooling Natural Gas, Forced Air
Flooring Carpet, Ceramic Tile
Appliance Dishwasher, Disposal, Dryer, Microwave, Oven/Range, Refrigerator, Varies Per Unit, Washer
Laundry Separate
Exterior
Exterior Feature Wood Siding
Fence None
Utilities Available City Sewer, City/County Water, Electricity, map to 20, Natural Gas
Roof Type Composition/Shingle,Flat,Membrane,Pitched
Total Parking Spaces 14
Building
Story 2 Story
Foundation Concrete Slab
Water Natural Gas
Level or Stories 2 Story
Structure Type Wood Frame
Others
Tax ID 02034207
SqFt Source 5640
Special Listing Condition None
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