747 Willow ST #1-11, Reno, NV 89502
747 Willow ST #1-11, Reno, NV 89502
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Ryan Borden

Ryan Borden

+1(775) 544-9262
$1,350,000
Est. payment /mo
3,822 SqFt
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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,822 sqft

Price per Sqft $353

Subdivision Shaff`S

MLS Listing ID 260005220

Year Built 1931

Annual Tax Amount $2,562

Lot Size 7,754 Sqft

Acres 0.18

Lot Dimensions 0.18

Property Sub-Type Multi Family

Property Description

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.

Location

State NV

County Washoe

Community Shaff`S

Area Shaff`S

Zoning MU

Rooms

Basement Unfinished

Interior

Heating Natural Gas, Wall Furnace

Cooling Electric, Wall/Window Unit(s)

Flooring Ceramic Tile

Fireplace No

Laundry None

Exterior

Parking Features On Street

Utilities Available Cable Available, Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected, Cellular Coverage, Water Meter Installed

View Y/N No

Roof Type Asphalt,Pitched,Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Brick/Mortar, Other

Water Public

Structure Type Stucco,Wood Siding,Unknown,Other

Others

Tax ID 012-141-17

Acceptable Financing 1031 Exchange, Cash, Conventional, Owner May Carry, Owner May Carry 2nd

Listing Terms 1031 Exchange, Cash, Conventional, Owner May Carry, Owner May Carry 2nd

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Listed by Dickson Realty - Downtown

Nearby Locations

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Ryan Borden

Ryan Borden

+1(775) 544-9262

Broker | License ID: B.1001282

Broker License ID: B.1001282

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747 Willow ST #1-11