current rents & routine expenses = 5.34 CAP rate, increasing rents to proven market rates = 6.67 CAP rate (pro-forma). Central Reno location with public transportation nearby and easy freeway access. Favorable unit mix with two 1 bed/ 1 bath and two 2 bed/ 1.5 bath units. All units have washer/dryer hook-ups. Tenants pay electricity, owner pays water/sewer/trash. Upside in rents/income and a historically low vacancy rate makes this an attractive opportunity for investors.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office DL Realty, 775-762-5418
Updated 8:13PM - 9/30/2022
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