1101 E Taylor St - Apartments FOR SALE


Reno, NV 89502- Wells Avenue Neighborhood
$1,725,000 USD
775-750-6429
1101 E Taylor St, Reno, NV for Sale
$1,725,000 USD
Apartments - FOR SALE
1/30
null | 4.7% Cap Rate


HIGHLIGHTS

  • 4% Owner Financing Available
  • On-Site Laundry Facility
  • Recent Renovation
  • Upside in the rents
  • Popular All 2 Bed Unit Mix
  • On-Site Parking

OVERVIEW

The Taylor Decos consists of 6 total units, on a large lot, bordering both the Renown Medical and Grove rental submarkets in Reno, NV. This asset offers a popular unit mix of 6 two bedroom one bathroom, 793 +_ sq ft units. The asset has received many recent renovations adding modern finishes which include LVP flooring, upgraded fixtures, new countertops, stainless steel appliances, tile shower and tub surrounds, modern lighting and much more. The property has onsite laundry but there is upside to adding in unit laundry and increasing rents. Owner financing available!!! The owner is willing to carry a new 1st deed of trust at 4% interest with 40% down with a full balloon in 3 to 5 years on approved credit of Buyer. The location provides great access to restaurants, retail shops, Renown Medical Center, major bus lines, and community events all just steps from their front door.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

6

PRICE/UNIT

$287,500

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taylor Decos - 4% Owner Financing Available

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,799 SF

ZONING

MF14

APN/PARCEL ID

013-141-17

ASK ABOUT THIS PROPERTY

Ben GallesCBREMore Info
775-750-6429

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Ben GallesCBREMore Info
775-750-6429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.