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$1,298,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250002025
Year Built 1978
Annual Tax Amount $3,563
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 0.34
Property Sub-Type Multi Family
Property Description
Welcome to this versatile 6-plex nestled in the highly sought-after Virginia Lake neighborhood of Reno. This value-add gem offers a unique opportunity for investors to capture both immediate cash flow and significant upside potential through strategic renovations., The building currently features six individual rental units that provide stable income. With a mix of spacious layouts and abundant natural light, each unit has the foundation for modern updates that can dramatically enhance tenant appeal and drive increased rental revenue. Ideally positioned just minutes from popular dining, shopping, and entertainment, as well as with easy access to major roadways and public transit, this property is perfectly situated in a market on the rise. Whether you're looking to improve interiors, or boost overall operational efficiency, this property offers endless potential to increase both value and returns.
Location
State NV
County Washoe
Zoning MF30
Direction Plumas/Salem
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Laundry Common Area
Exterior
Parking Features Alley Access
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
Roof Type Flat,Tile
Garage No
Building
Lot Description Landscaped
Story 2
Foundation Slab
Water Public
Structure Type Frame,Stucco
Others
Tax ID 01943114
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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Listed by Sierra Nevada Properties-Reno