921 Willow ST #911-921, Reno, NV 89502
921 Willow ST #911-921, Reno, NV 89502
921 Willow ST #911-921, Reno, NV 89502
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Ryan Borden

Ryan Borden

+1(775) 544-9262
$1,862,000
Est. payment /mo
5,549 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 5,549 sqft

Price per Sqft $335

Subdivision Aitken Addition

MLS Listing ID 260005217

Year Built 1957

Annual Tax Amount $4,103

Lot Size 0.286 Acres

Acres 0.29

Lot Dimensions 0.29

Property Sub-Type Multi Family

Property Description

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.

Location

State NV

County Washoe

Community Aitken Addition

Area Aitken Addition

Zoning MU

Rooms

Basement Unfinished

Interior

Heating Electric, Forced Air, Natural Gas, Wall Furnace

Cooling Electric, Wall/Window Unit(s)

Flooring Tile

Fireplace No

Laundry None

Exterior

Parking Features Asphalt, Off Street, On Street, Paved

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

View Y/N No

Roof Type Asphalt,Flat,Pitched,Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Brick/Mortar, Slab, Other

Water Public

Structure Type Attic/Crawl Hatchway(s) Insulated,Batts Insulation,Brick,Wood Siding,Unknown,Other

Others

Tax ID 012-143-51

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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921 Willow ST #911-921