775-451-3905
720 Broyles Ranch Rd, Battle Mountain, NV for Sale
Apartments - FOR SALE
1/14
null | Request Cap Rate

720 Broyles Ranch Rd
Battle Mountain, NV 89820


HIGHLIGHTS

  • Proven Success, Systems in Place to manage facility and fill rooms
  • Low Vacancy
  • Paved onsite parking

OVERVIEW

Investment opportunity with tenants in place offering cash flow. Property includes 24 units across six separate quadraplex buildings, with 1- and 2-bedroom units. The property currently operates as USDA subsidized low-income housing under the USDA Rural Development (RD) Section 515 program and remains subject to applicable federal regulations through 4/16/31, when the current RD loan term expires. Buyer cannot prepay loan, loan effective rate is 1%. Prospective buyers and any new management company (if current PM is not retained) require PRIOR RD review and approval. Ownership and management must maintain compliance with RD administration requirements through 4/16/31. Buyers should review the applicable RD handbook for transfer requirements or go to https://www.rd.usda.gov/programs-services/multifamily-housing-programs/multifamily-housing-direct-loans#to-apply for instructions on how to initiate the RD buyer approval process. Seller reserves the right to continue marketing the property, review alternative offers, and negotiate terms until ownership and USDA approvals have been obtained and closing documents are fully executed. No offer, LOI, draft agreement, or executed PSA shall be deemed accepted until executed by the Seller. Seller evaluating all Cash offers and not accepting seller financing options.

FOR SALE DETAILS

PRICE

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# OF UNITS

24

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

720 Broyles Ranch Rd, Battle Mountain, NV

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

R4

APN/PARCEL ID

002-253-02

ASK ABOUT THIS PROPERTY

Joe BrownColdwell Banker Commercial ExcelMore Info
775-451-3905

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Joe BrownColdwell Banker Commercial ExcelMore Info
775-451-3905

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