1517 N Edmonds Dr - Multi-Family FOR SALE


Carson City, NV 89701
$1,578,000 USD
775-800-3809
1517 N Edmonds Dr, Carson City, NV for Sale
$1,578,000 USD
Multi-Family - FOR SALE
1/31
null | 7.5% Cap Rate

1517 N Edmonds Dr
Carson City, NV 89701


HIGHLIGHTS

  • 3 bed/2 bath and 2 bed /1 bath floorplans
  • Value Add
  • 7.5% proforma CAP rate

OVERVIEW

8 Unit Multifamily | 7.5% CAP | Below Market Price Per Unit | Carson City NV 1513 and 1517 N Edmonds Dr represent an attractive opportunity to acquire two adjacent, well-maintained four-plex buildings totaling eight units in Carson City, Nevada. The property offers a desirable unit mix of larger two-bedroom and three-bedroom apartments that appeal to long-term tenants and families. The unit mix consists of: • Four 3 Bed / 2 Bath units (1,008 SF) • Four 2 Bed / 1 Bath units (780 SF) All units feature private fenced yards or balconies, an amenity that is uncommon in smaller multifamily properties and highly valued by tenants. Six units are currently month-to-month, one unit is vacant, and one unit is owner-occupied, creating immediate upside through lease-up and gradual rent adjustments to market levels. The property is conveniently located in Carson City, with easy access to Reno, Sparks, Lake Tahoe, and the Reno-Tahoe Industrial Center, making it attractive to a broad tenant base throughout Northern Nevada. Investment Highlights • 8-Unit Multifamily Investment Opportunity • Two Adjacent Four-Plex Buildings Offered Together • 7.5% Pro Forma CAP Rate • Below-Market Price per Unit for Carson City • Desirable Unit Mix of 2-Bedroom and 3-Bedroom Units • Private Yards or Balconies for Every Unit • 16 Off-Street Parking Spaces • Month-to-Month Tenancy Provides Rental Upside • One Vacant Unit and One Owner-Occupied Unit Allow Immediate Income Increase

FOR SALE DETAILS

PRICE

$1,578,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

8

PRICE/UNIT

$197,250

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1513 & 1517 N Edmonds Dr

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MFA

APN/PARCEL ID

008-351-11,008-351-12

ASK ABOUT THIS PROPERTY

Donal MinihanRE/MAX ProfessionalMore Info
775-800-3809

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Donal MinihanRE/MAX ProfessionalMore Info
775-800-3809

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