670 Denslowe Dr - Apartments FOR SALE


Reno, NV 89512- West University
$749,000 USD
775-225-1144
670 Denslowe Dr, Reno, NV for Sale
$749,000 USD
Apartments - FOR SALE
1/6
null | 5.63% Cap Rate

670 Denslowe Dr
Reno, NV 89512
West University


HIGHLIGHTS

  • Close proximity to the University of Nevada (UNR)
  • In-Unit Washer & Dryer
  • Mini-Split Heating & Cooling

OVERVIEW

Well priced four-unit investment property with a proven track record of generating stable income for the owner. The close proximity to The University of Nevada Reno historically keeps vacancy low. 100% tenant occupied and generating over $54,000 in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Units have washer & dryers and mini-split heating & cooling. APOD available, just call. Tenant occupied - please do not disturb them

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,250

CAP RATE

5.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MF30

APN/PARCEL ID

008-013-09

ASK ABOUT THIS PROPERTY

Chris McCainDL RealtyMore Info
775-225-1144

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

Chris McCainDL RealtyMore Info
775-225-1144

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