Floyd R Rowley, CPA, CCIM - Commercial Real Estate Showcase

Floyd R Rowley, CPA, CCIM Property Listings
Senior Vice President, Investments
Johnson Group
5255 Longley Ln
Suite 105
Reno, NV 89511

Floyd joined the Johnson Group in January 2011 to continue his commercial investment brokerage practice in northern Nevada after serving over seven years... More
Floyd joined the Johnson Group in January 2011 to continue his commercial investment brokerage practice in northern Nevada after serving over seven years as the Senior VP of the Colliers Investment Services Group. He focuses on representing buyers or sellers in investment property sales: large apartments, office buildings, retail and industrial properties. Floyd also does sale / leasebacks and negotiates build-to-suit transactions. Since 2004, Floyd has closed over $142 million of investment transactions in the Reno MSA. Starting in the fall of 2008 he has focused on distressed assets, mainly apartments, completing $359 million in 53 broker price opinions (BPO’s). Since early 2010 these BPO’s have resulted in over $38 million of listings, mainly apartments. Less 
423 - 425 Moran Street

Reno, NV 89502 - Wells Avenue Neighborhood MF Submarket

(1.4 MB)

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1961
Stories:1 Building Size:5,000 SF Land Area:.16 AC (6,970 SF)
For Sale Price:$698,500 Price/Unit:$116,416.67 Cap Rate:6.20 % GRM:-


The property is located in a quiet neighborhood - the four-plex faces Stewart Park. It is only 2 miles from UNR, a short walk to Renown Medical Center and a 5 minute walk to downtown. Very short walk to the Sierra Spirit Shuttle that runs 16 hours per day to UNR.
Asking price of $529,000 includes rent value.

Sale Notes:
423-425 Moran Street is a six unit apartment property located in Reno, Nevada. The property is 5,000 square feet, consisting of a 1954 vintage brick house containing 2 separate units and a 4 unit apartment complex in the back on the same lot. The apartments are believed to have been built in the early 1960's. The upstairs unit of the house contains 2 large bedrooms, 1 bathroom, closets, hardwood floors, large living room and a large modern kitchen. The yard is fully landscaped with low maintenance plants, is fully sprinklered and has a covered patio area and deck in the back yard. The downstairs unit of the house has a separate exterior entrance and an emergency exit into the house. It is a complete unit with 2 large bedrooms, 1 bathroom, full kitchen and a spacious living area. The apartments consist of four units, each 650 square feet and include 2 bedrooms and 1 bathroom. The units overlook Stewart Park.

Johnson Group
Floyd R Rowley, CPA, CCIM
(775) 224-3183

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