16 units | Multi Family Home 16988 sq ft - MLS# 180000477
Sold for $1,485,000
on Apr 17, 2018
Great VALUE ADD OPPORTUNITY! 16 unit apartment complex across from the Washoe County Golf Course with nice views. Built in 1986, this property has 16 one bedroom units with good layouts, each with their own washer and dryer, dishwasher, garbage disposal and assigned off-street parking. Units are below market and with some TLC and upgrades, could have significant upside. Listing price is a 5% cap on current rents/expenses, 7.5% cap on proforma rents. Zoned for highly-regarded Reno High School.
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