99 Bartlett St - Apartments FOR SALE


Reno, NV 89512- West University
$725,000 USD
775-600-7264
99 Bartlett St, Reno, NV for Sale
$725,000 USD
Apartments - FOR SALE
1/42
null | 6% Cap Rate

99 Bartlett St
Reno, NV 89512
West University


HIGHLIGHTS

  • Minutes to the University of Nevada Reno
  • Fully Remodeled, Modern Finishes
  • RV Parking and Hookups

OVERVIEW

Opportunity to own two units with a bonus detached living space that could be used to generate additional income utilizing the space as a rental, short-term rental, or owner occupier, multi-gen living, or an art studio. 5.85% cap rate with in place rents on the two units, more income easily attainable by renting the separate studio unit. The property has been meticulously maintained, with recent HVAC servicing, and jetted sewer line. The main house is 2 beds, 1 bath and 828 sqft. The garage has been converted into a modern and efficient studio that has very little vacancy. The detached bonus unit is a cleverly designed studio space with its own HVAC and water heater. There is an attached RV pad with full hookups that historically brings in additional income. The property is within minutes to the University of Nevada Reno campus and there are parking spaces for 6, with dedicated City of Reno passes. Property is tenant occupied, please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$546 USD /SF

# OF UNITS

3

PRICE/UNIT

$241,667

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,451 SF

ZONING

SF8

APN/PARCEL ID

007-061-09

ASK ABOUT THIS PROPERTY

Austyn MooreCBREMore Info
775-600-7264

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Austyn MooreCBREMore Info
775-600-7264

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