921 Willow Street 911-921, Reno, NV 89502
sale
$1,862,000
|
Other
Courtesy Of Connect Realty.com, Inc.
Well priced twelve-unit investment property with a proven track record of generating stable income. There are 4 buildings on site: a 4-plex a 2-plex, and two 3-plexes. Units range from studios to two-bedrooms, and two units have private yards. There is a fully fenced yard area in the center of the property. New roof installed on one 3-plex within the last two years. Close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.6 miles to the University of Nevada, Reno historically keeps vacancy low. All units have been updated in the last 4 years for easy turnovers. Good tenants, generating nearly one hundred and fifty thousand dollars in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Self-managed CAP rate is just over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.
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Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Amenities: Basement
- Amenities: Double pane windows
- Amenities: Security System
- Building Units: 12
- Cooling System: Window Unit(s)
- Cooling System: Electric
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Wood Siding
- Exterior Type: Batts Insulation
- Exterior Type: Attic/Crawl Hatchway(s) Insulated
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Wood
- Floor Covering: Laminate
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Tile - Ceramic
- Floor Covering: Varies
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Forced Air
- Heating System: Wall Furnace
- Heating System: Natural Gas
- MLSID: 260005217
- Parking Spaces: 12
- Roof Type: Asphalt
- Roof Type: Flat
- Roof Type: Shingle
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