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31523122
31523150

99 Bartlett St, Reno, NV 89512 For Sale

BG
NV 47543, NV S.47543
CBRE Reno
AM
NV NV 0186531
CBRE - Reno
Listed by CBRE Reno, CBRE - Reno
$725,000
105 days on market
Updated 42 days ago

99 Bartlett

Details
APN 007-061-09
Property Type Multifamily
Sub Type Student Housing
Square Footage 1,103
Units 3
Cap Rate 5.85%
NOI $42,439
Year Built 1948
Year Renovated 2023
Buildings 2
Stories 1
Acreage 0.194

Multifamily | 7.2% CAP | Reno, NV

Marketing description

Opportunity to own two units with a bonus detached living space that could be used to generate additional income utilizing the space as a rental, short-term rental, or owner occupier, multi-gen living, or an art studio. 7.2% cap rate with in place rents on the three units, more income easily attainable by renting the RV Space with hookups. The property has been meticulously maintained, with recent HVAC servicing, and jetted sewer line. The main house is 2 beds, 1 bath and 828 sqft. The garage has been converted into a modern and efficient studio that has very little vacancy. The detached bonus unit is a cleverly designed studio space with its own HVAC and water heater. The property is within minutes to the University of Nevada Reno campus and there are parking spaces for 6, with dedicated City of Reno passes. Property is tenant occupied, please do not disturb the tenants.

Investment highlights

Fully Remodeled with Modern Finishes

High Cap Rate

Large Lot with RV Parking and Hookups

Minutes to the University of Nevada, Reno.

Listing Contacts

BG
NV 47543, NV S.47543
CBRE Reno
AM
NV NV 0186531
CBRE - Reno
Listed by CBRE Reno, CBRE - Reno

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,439.00
$3,536.58/mo

Valuation Metrics

0
DSCR
5.85%
Cap Rate
5.85%
ROI

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Additional Information

Name
Ben Galles
License
47543
Name
Austyn Moore
License
NV 0186531
Brokerage
CBRE
Title
Real Estate Agent
Brokerage Address
7900 Rancharrah Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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