608 Crossing Cir - Apartments FOR SALE


Gardnerville, NV 89410
$1,499,000 USD
608 Crossing Cir, Gardnerville, NV for Sale
$1,499,000 USD
Apartments - FOR SALE
1/2
null | 5.4% Cap Rate

608 Crossing Cir
Gardnerville, NV 89410


HIGHLIGHTS

  • ? Fully Leased Fourplex with Stable Rental Income
  • ? Built in 2023 Featuring Private Attached Garages and Modern Finishes
  • ? Exceptional Investment Opportunity in the Growing Carson Valley Market

OVERVIEW

Exceptional opportunity to acquire a fully leased, income-producing four-unit multifamily property in the desirable Gardnerville/Carson Valley market. This well-maintained investment offers immediate cash flow with stable rental income and strong long-term appreciation potential in one of Northern Nevada’s most sought-after communities. The property consists of four residential units currently averaging approximately $2,150 per month in rental income, providing an annual gross income of approximately $103,200. Located just minutes from shopping, schools, healthcare, employment centers, and U.S. Highway 395, the property offers convenient access to Carson City, Reno, and Lake Tahoe. With limited multifamily inventory and continued demand for quality rental housing throughout Douglas County, this asset is well positioned for investors seeking a stabilized property with long-term upside. Whether expanding an existing portfolio or completing a 1031 exchange, this fourplex presents an outstanding opportunity to acquire a quality multifamily investment in a high-demand Northern Nevada market. Highlights * Fully leased, income-producing fourplex * Average rents of approximately $2,150 per unit * Gross annual rental income of approximately $103,200 * Desirable Gardnerville, Nevada location * Strong rental demand and low multifamily inventory * Convenient access to Carson City, Reno, and Lake Tahoe * Excellent opportunity for investors and 1031 exchange buyers

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

4

PRICE/UNIT

$374,750

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gardnerville 4-Unit Multifamily Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

MFR

APN/PARCEL ID

1220-04-602-021

ASK ABOUT THIS PROPERTY

Matt CarterInk RealtyMore Info

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

Matt CarterInk RealtyMore Info

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