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Karen Degney

Karen Degney
L. Lance Gilman Real Estate
Reno, NV 89521

775-233-5521
Contact Me

 

 

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Listing 19 out of 904
$895,000 For Sale

111-41 Mer Mac
Reno, NV 89506

5 units | Multi Family Home
1.73 acres - MLS# 170007064
Property Photo
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Description

6.4% CAP RATE based on the rent increases that were just done. This is an amazing property consisting of two large duplexes and a house that allows the tenant to have the feeling of country living but the convenience of being close to the freeway for all the city amenities. Plus some extra land that you may be able to build on. currently price at a 6.4% CAP!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Washoe County
  • Zip Code: 89506
  • Year Built: 1948
  • Stories: 1 Story
  • Units: 5 units
  • # of Parking Spaces: 10
  • Lot Size: 1.73 acres
  • Zoning: HDR
  • Area: Reno-Stead
  • # Buildings: 3
  • 2 Bedroom - # Baths: 1
  • 2 Bedroom - # Units: 4
  • 2 Bedroom - Avg Rent/Unit: 882
  • 2 Bedroom - Sqft/Unit: 1500
  • 3 Bedroom - # Baths: 2
  • 3 Bedroom - # Units: 1
  • 3 Bedroom - Avg Rent/Unit: 1500
  • 3 Bedroom - Sqft/Unit: 1474
  • Access Type: Public
  • Annual Expenses: 4422.09
  • Annual Income & Expenses: Actual
  • Annual Vacancy: 1209.84
  • Appliances: Refrigerator, Oven/Range, Dishwasher
  • Construction: Wood Frame
  • Exterior: Masonry Veneer, Wood Siding
  • Facility Features: Separated Meters-Gas, Separate Meters-Electric, Separate Meters-Water
  • Fenced: Partial
  • Flooring: Carpet, Sheet Vinyl, Vinyl Tile
  • Foundation: Concrete/Crawl Space, Concrete Slab
  • Gross Scheduled Income: 63216
  • Gross Square Footage: 6579
  • Heating/Cooling: Baseboard, Propane, Forced Air
  • Landscaped: Partially Landscaped, Yes-Full
  • Laundry: Varies Per Unit
  • Net Operating Income: 57584.07
  • Owner(s) May Sell: Conventional, Cash
  • Parking Types: Common
  • Price Per Sqft: 136.04
  • Roof: Composition/Shingle, Pitched
  • Type Of Property: Apartment Building (Up To 8 Unit
  • Unit Features: Patio/Deck, Smoke Detector, Varies Per Unit
  • Utilities: Electricity, Natural Gas, Septic, Well-Private
  • Water Heater: Propane
  • Windows: Combo/Varies
Courtesy of True Real Estate



Karen Degney | 775-233-5521 | Contact Me
515 Double Eagle Court - Reno, NV 89521
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