3964 NEIL RD, Reno, NV 89502, photo 1 of 5
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3964 NEIL RD, Reno, NV 89502, photo 2 of 5
3964 NEIL RD, Reno, NV 89502, photo 3 of 5
3964 NEIL RD, Reno, NV 89502, photo 4 of 5
3964 NEIL RD, Reno, NV 89502, photo 5 of 5
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3964 NEIL RD Reno, NV 89502

$899,000

Listed By Chris McCain, DL Realty

Bedrooms

Total Baths

Full Baths

Square Feet

0.16

Acres

1978

Year Built

Active

Status

MLS#

220014161

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.

Details

Year Built
1978
Parking
8
Price / Sq Ft
No Info
HOA
No Info
Cooling
No Info
Heating
Yes
On Website
9 Days
Acres
0.16

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

MLS# 220014161

Updated 8:13PM - 9/30/2022

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Listing data on this site is updated three times a week. Information deemed reliable but not guaranteed. Copyright© 2022 Northern Nevada Regional MLS. All Rights Reserved.

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