747 Willow Street 1-11,Reno, NV 89502
Reno, NV 89502
Description
Well priced nine-unit investment property with a proven track record of generating stable income. There are 3 buildings on site: a 5-plex and 2 duplexes. New roofs installed on 5plex and one duplex within the last two years. The close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.5 miles to the University of Nevada, Reno historically keeps vacancy low. All units have been updated in the last 4 years for easy turnovers. Good tenants, generating over one hundred six thousand dollars 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. Self-managed CAP rate is over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.
Details
| MLS # | 260005220 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Building Name | Louie Properties, LLC |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 114 |
| Listing Provided By | Dickson Realty - Downtown | Jacqueline Lescott |
Features
| SQ Feet | 3,822 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 9 |
| Building(s) | 3 |
| Zoning | MU |
| Acreage | 0.18 |
Interior
| Heating | Natural Gas, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Electric, Wall/Window Unit(s) |
| Cooling Yes / No | Yes |
| Window Features | Blinds, Double Pane Windows, Metal Frames, Vinyl Frames |
| Furnished | Unfurnished |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt, Pitched, Shingle |
|---|---|
| Security Features | Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s) |
| Lot Features | Level |
| Construction Materials | Stucco, Wood Siding, Unknown, Other |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Brick/Mortar, Other |
| Fencing | Front Yard, Partial, Vinyl, Fenced, Wood |
Parking
| Parking Features | On Street |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected, Cellular Coverage, Water Meter Installed |
|---|---|
| Sewer | Public Sewer |
| Electric | 110 Volts, 220 Volts |
Taxes
| Property | 2562 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89502 |
| Area | Washoe |
| Community Name | Shaff`S |
| Listing VS Median (in Shaff`S) | |
Price: $1,350,000 low | high Med: $1,350,000 sqft: 3,822 low | high Med: 3,822 $ / sqft: $353 low | high Med: $353 On site: 114 low | high Med: 114 | |
Market Activity 89502
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89502 |
| Area | Washoe |
| Community Name | Shaff`S |
| Listing VS Median (in Shaff`S) | |
Price: $1,350,000 low | high Med: $1,350,000 sqft: 3,822 low | high Med: 3,822 $ / sqft: $353 low | high Med: $353 On site: 114 low | high Med: 114 | |