211 Mizpah Cir, Tonopah, NV 89049 For Sale

Introducing 211 E. Mizpah Tonopah Nv 89049 -

A Remarkable Investment Opportunity! Sandra L Fink & Associates Inc. is thrilled to present this exceptional property - 30 Units Townhome/Apartments in Tonopah, NV. Conveniently located just off the I-95, this property offers a prime location for optimal exposure and easy access. Featuring a total of 30 units spread across 5 two-story buildings, this property offers a fantastic investment potential. Each unit is thoughtfully designed with 2 bedrooms, 1.5 baths, and approximately 1100 square feet of living space. Tenants will enjoy the convenience of separate meters and private parking, while also benefiting from amenities such as a patio, laundry area, fireplace, dishwasher, living room, dining area, and breakfast bar. With a current gross income of $180,000 and a net income of $122,386, this property presents a solid financial opportunity. The estimated market rent increase to $675 per unit allows for a potential gross income of $243,000 and a net income of $181,386, resulting in an impressive CAP rate of 10.08%. This value-added sale holds immense potential for the savvy investor. Don't miss out on this incredible chance to secure a profitable investment in Tonopah, NV! Contact us now at [email protected] or visit FinkCommercialRE.com for more information.

Also been talking with the mapping department and planning these unit could be sold individually in the future with by a new survey, there would be some work involved like, survey the whole property for a subdivision and then each individual unit, CC&R’s however might be a nice benefit in the future.

The owner within the last 6 month has redone all 5 building with new roofs