Attention investors looking for turn-key brand new homes in the booming rental market of Reno Nevada! These 4 modern townhomes and one vintage bungalow are perfectly situated in midtown Reno. An area that is filled with a multitude of upstart businesses, wonderful restaurants, breweries and art galleries . The duplexes are the ONLY newly constructed multi-family in the area and enjoy a five minute commute to the university, downtown or white water rafting on river. Each residence contains stainless appliances including w/d, fenced yards, outstanding energy efficiency/construction and near maintenance-free yards. Built by award winning developer HabeRae and contractor and now offered at a package price or will separate individually. Capitalization rate above 6% with room to go higher in rents. Long term outstanding professional tenants. Property has enjoyed a ZERO percent vacancy rate since built (2 & 4 years) and has a waiting list for future vacancies
$3,795,000Size Upon Req.
66-space MHP + 1 house on 4.2 acres in prime Reno location. Well-run, well-maintained park with excellent rent collections. 58 tenant-owned homes paying space rent; 4 park-owned homes (2 rented, 1 vacant, 1 manager's unit); 4 vacant spaces. 7.9% Cap Rate based on actual numbers. Rent increase on Sept 1 should raise that to 8.3% Cap. City Water & Sewer. Tenants pay all utilities. Seller also owns a 30-space MHP in Sun Valley (a suburb of Reno), Silver Crown MHP. He wants to sell them both, and each park is subject to the sale of the other park. You can buy as a package or buy one and wait until we sell the other to close escrow.
MidTown Reno INVESTOR ALERT! Brick four-plex offered in Reno's highly-sought-after MidTown neighborhood. One 3-bedroom/2-bath, three 1-bedroom/1-bath units AND on-site laundry. With California Avenue's trendy eateries and shops nearby, you'll have no trouble demanding top rents.
INVESTOR ALERT! Two well-maintained single-family homes on one lot. One tenant has been in-place for six years. Both units have laundry room, private patio area. Tenants pay: gas, electric and water; Owner pays: sewer, taxes, insurance. Easy access to employment, transportation and convenience stores. If you're looking for steady income, this might be the one!
The property consists of 20 one bedroom apartments, one studio and a laundry room. There are three buildings that make up the mix constructed of cinder blocks.
*** By apointment only - Please do not disturbe tenants*** 1 BD/ 1BTH - Designed for 8 units (4 units up / 3 units down - 8th down currently being utilized as community laundry room, can easily convert to rental unit, common wet / plumbing wall and HVAC in place Current Rents 25%-30% below area average for 1 bedrooms.
Close to University of Nevada Reno and downtown. Easy access to freeways, shopping, and restaurants.
Currently all tenants are on month to month, 1 beds are @ $450, (one is at $550). Two bed units are currently @ $700, $435, and $650, so there is rental upside for the lower priced units. There is ample off street parking. The property includes three nice garages that are currently used by owner and could be rented to tenants for added income. Please call for the details on that.
Two, 2 bedroom one bath cottages. Nice yard fenced front and back.
Fully occupied single level triplex with long term tenants. Each unit is consisting of two bedrooms and one bathroom with a living room and attached kitchen. Some of the amenities include a stove, refrigerator, off street parking and a fenced in backyard.