current rents & routine expenses = 5.34 CAP rate, increasing rents to proven market rates = 6.67 CAP rate (pro-forma). Central Reno location with public transportation nearby and easy freeway access. Favorable unit mix with two 1 bed/ 1 bath and two 2 bed/ 1.5 bath units. All units have washer/dryer hook-ups. Tenants pay electricity, owner pays water/sewer/trash. Upside in rents/income and a historically low vacancy rate makes this an attractive opportunity for investors.
- Price:
- $825,000
- Acreage:
- 0.16
- Year Built:
- 1978
- Listing ID #:
- 220014161
- Street Address:
- 3964 Neil Rd.
- City:
- Reno
- State:
- Nevada
- Postal Code:
- 89502
- County:
- Washoe
- Community:
- Reno-Southeast
- Listing Status:
- Extended
- Listing Type:
- Duplex, Triplex, 4-Plex
PRESCHOOL-5
650 students
16 student/teacher
6-8
1000 students
18 student/teacher
9-12
1639 students
22 student/teacher
- Approximate Square Footage Source:
- Assessor
- Construction Description:
- Wood Frame
- Dwelling Type:
- Multi-Family
- Exterior Description:
- Wood Siding
- Flooring:
- Carpet, Laminate, Varies By Unit
- Foundation:
- Concrete/Crawl Space
- Number Of 1 Bedroom Units:
- 2
- Number Of 2 Bedroom Units:
- 2
- Number Of Bathrooms In A 1 Bedroom Unit:
- 1
- Number Of Bathrooms In A 2 Bedroom Unit:
- 2
- Number Of Units:
- 4
- Stories:
- 2 Story
- Total # Of Buildings:
- 1
- Type Of Roof:
- Composition/Shingle, Pitched
- Unit Features:
- Balcony, Blinds/Shades, Patio/Deck, Smoke Detector, Varies Per Unit
- Windows:
- Double Pane, Vinyl Frame
- Year Built:
- 1978
- Annual Expenses:
- 8734
- Net Operating Income:
- 47966
- Days On Market:
- 185
- Days On Market:
- 185
- Financing Options:
- Cash, Conventional, Exchange 1031
- For Sale Or Lease?:
- For Sale
- Price Per Square Foot:
- 222.25
- Parking Spaces:
- 8
- Appliances:
- Dishwasher, Dryer, Oven/Range, Refrigerator, Varies Per Unit, Washer
- Heating And Air:
- Air Unit, Baseboard, Electric
- Laundry:
- Hook-Up
- Utilities:
- Cable, City/County Water, City Sewer, Electricity, Telephone, Internet Available, Cellular Coverage Avail
- Water Heater:
- Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Chris McCain with DL Realty
