Well priced nine-unit investment property with a proven track record of generating stable income. There are 3 buildings on site: a 5-plex and 2 duplexes. New roofs installed on 5plex and one duplex within the last two years. The close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.5 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 over one hundred six 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 over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.
Courtesy of Jacqueline Lescott and Dickson Realty - Downtown. Contact:
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Data last updated on 06/28/2017.
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