$1,300,000
$1,300,000
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4,380 SqFt
SOLD DATE : 01/31/2024
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,380 sqft
Price per Sqft $296
MLS Listing ID 230013495
Sold Date 01/31/24
Year Built 1990
Annual Tax Amount $4,977
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 0.16
Property Sub-Type Multi Family
Property Description
Current owner will consider seller financing for these 6 spacious and very well kept one-bedroom units in a prime Midtown location. 1990 construction is newer compared with the vast majority of small multifamily the Reno area. Tenants will enjoy gas stoves, in-unit full size W/D hookups, off-street parking, easy walkability to some of the best retail in a highly desirable location and close proximity to downtown and other employment hotspots. The units are identical and approximately 730 square feet each., Excellent opportunity for value add or 1031. Seller Financing guidelines: 5 year term, 30 year amortization, 30% down, 6.5-7%. Current rents average approximately $900 per unit per month. Income and Expenses Summary are estimates; more financial information forthcoming. Three tenants are MTM, three are on leases expiring from May to September 2024. Contact agent for marketing package and property analysis. Please do not disturb the tenants. Showings limited, contact agent.
Location
State NV
County Washoe
Zoning MU-MC
Direction Haskell St & Mary St
Interior
Heating Electric, Natural Gas, Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Flooring Vinyl
Laundry Washer Hookup
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
Roof Type Composition,Pitched,Shingle
Building
Lot Description Landscaped, Other
Story 2
Foundation Crawl Space
Water Public
Structure Type Frame,Wood Siding
Others
Tax ID 01406207
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner May Carry
Listing Terms 1031 Exchange, Cash, Conventional, Owner May Carry
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Broker | Lic# NV# BS.25835