421 Court Street, Elko, NV 89801
sale
$1,320,000
|
Other
Courtesy Of Coldwell Banker Algerio/Q-Team Realty
Originally constructed in 1900, per county records, and thoughtfully renovated, 421 Court Street is a solid investment opportunity in the heart of downtown Elko. The property comes with a 5-year lease in place with options to extend - making it a true turnkey income producer from day one.The listing includes four parcels: the main office building, a landscaped yard, a hillside parcel, and a storage building for equipment or operational use. The main building has been well-maintained and updated while keeping its historic character intact. Located on Court Street in downtown Elko - the county seat and commercial hub of one of Nevada's busiest mining and ranching regions - the property offers strong visibility and a stable tenant base. If you're looking for a dependable income property with real bones in a working Nevada town, 421 Court Street is worth a serious look. This is an 8% cap rate for the leased spaces and $70,000 were given towards the 2 additional parcels.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Exterior Type: Block
- Exterior Type: WoodSiding
- Exterior Type: Brick
- Exterior Type: Stucco
- Floor Covering: Tile
- Floor Covering: Concrete
- Floor Covering: Hardwood
- Floor Covering: Carpet
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 3627951
- Roof Type: Tile
- Roof Type: Membrane
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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