340 6th St - Apartments FOR SALE


Wells, NV 89835
$590,000 USD
775-340-8730
340 6th St, Wells, NV for Sale
$590,000 USD
Apartments - FOR SALE
1/13
null | 10.47% Cap Rate

340 6th St
Wells, NV 89835


OVERVIEW

A rare value-add multifamily investment opportunity in Wells, Nevada. This 33-unit Motel, which has been converted to studio units, offers immediate cash flow with significant upside potential through lease-up of currently vacant units. This property presents a compelling value-add opportunity for an investor to reposition and stabilize occupancy. At current in-place rents, the property generates a strong going-in cap rate, with substantial upside as remaining units are leased. Contact the agent for more information.

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$29 USD /SF

# OF UNITS

33

PRICE/UNIT

$17,879

CAP RATE

10.47%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wagon Wheel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,470 SF

ZONING

GC

APN/PARCEL ID

002-545-002,002-545-011

ASK ABOUT THIS PROPERTY

Tony OdehRobinhood Realty Elko LLCMore Info
775-340-8730

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Tony OdehRobinhood Realty Elko LLCMore Info
775-340-8730

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