3596 Gypsum Rd - Apartments FOR SALE


Reno, NV 89503- West University
$1,475,000 USD
775-600-7264
3596 Gypsum Rd, Reno, NV for Sale
$1,475,000 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

3596 Gypsum Rd
Reno, NV 89503
West University


HIGHLIGHTS

  • Stabilized Asset
  • Near UNR and TMCC
  • Renovated Units

OVERVIEW

The Gypsum Eight features 2 four-plex buildings with a total of 8 units that are all two bedrooms and one bathroom with approximately 676 sq ft. The property is located in Reno, NV with excellent access to Highway 395, The University of Nevada, Reno, Truckee Meadows Community College, and the McCarran Blvd main thoroughfare, making commuting easy for residents. The exteriors feature on-site laundry and assigned, on-site parking. The interior finishes vary by unit but most feature granite countertops, white shaker cabinets, stainless steel appliances, modern lighting, subway tile bathrooms, newer HVAC units, and LVP flooring. Some tenants do currently pay utility reimbursements and there is upside to implementing that on all units.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

8

PRICE/UNIT

$184,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gypsum Eight

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,551 SF

ZONING

MF30

APN/PARCEL ID

003-236-04

ASK ABOUT THIS PROPERTY

Austyn MooreCBREMore Info
775-600-7264

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

Austyn MooreCBREMore Info
775-600-7264

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