Well priced twelve-unit investment property with a proven track record of generating stable income. There are 4 buildings on site: a 4-plex a 2-plex, and two 3-plexes. Units range from studios to two-bedrooms, and two units have private yards. There is a fully fenced yard area in the center of the property. New roof installed on one 3-plex within the last two years. Close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.6 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 nearly one hundred and fifty 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 just over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.
Listed By
Agency Name: Dickson Realty - Downtown
Agent Name: Jacqueline Lescott
Agency Phone: 775-324-7000
Agent Phone: 775-360-0060
Presented By
Agent Name: Kevin Johnson
Agent Phone: 530.514.9968
Agency Title: Chase International Real Estate
Send an email with a link to
921 Willow Street, Unit 911-921, Reno, NV 89502.
Thank you for your inquiry! As a thank you, we have a Special Mortgage Offer for You.
We would like to provide you a free, no-obligation, home loan pre-approval review.
Connect with our team of knowlegable local agents to guide your next move with style and grace.
If the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login