425-445 Casazza Dr - Apartments FOR SALE


Reno, NV 89502- Midtown Reno
$1,350,000 USD
775-762-0338
425-445 Casazza Dr, Reno, NV for Sale
$1,350,000 USD
Apartments - FOR SALE
1/9
null | 5.5% Cap Rate

425-445 Casazza Dr
Reno, NV 89502
Midtown Reno


OVERVIEW

Garden style six plex in outstanding location!! In midtown, next to Reno Public Market. Highly desirable, easy to walk to restaurants and shopping makes this a highly sought after location. Long term tenants, this property has off street parking and washer/dryer in five of the apartment homes. The apartment homes are truly uncommon in Reno. All have access to beautifully landscaped interior courtyard and their own backyard. Current rents are lower than average in the area and could have future increase to escalate cap rate.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,329 SF

ZONING

CC

APN/PARCEL ID

013-451-12

ASK ABOUT THIS PROPERTY

Les ConklinLester ConklinMore Info
775-762-0338

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Les ConklinLester ConklinMore Info
775-762-0338

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