Listed by DL Realty
$749,000
670 Denslowe Dr.
Details
APN 008-013-09
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 2,966
Net Rentable (SqFt) 2,966
Units 4
Beds 8
Cap Rate 5.63%
NOI $42,192
Occupancy 100%
Pro-Forma Cap Rate 6.64%
Pro-Forma NOI $49,738
Price per SqFt $253
Broker Co-Op Yes
Year Built 1952
Year Renovated 2015, 2016, 2017
Buildings 1
Stories 2
Acreage 0.136
Zoning MF30
Investment Type Value Add
Multifamily | 4 Units | $187,250/unit
Marketing description
Well priced four-unit investment property with a proven track record of generating stable income for the owner. The close proximity to The University of Nevada Reno historically keeps vacancy low. 100% tenant occupied and generating over $54k 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. Units have washer & dryers and mini-split heating & cooling. APOD available, just call. Tenant occupied - please do not disturb them.
Investment highlights
Close proximity to The University of Nevada Reno (UNR)
In-Unit Washer & Dryer
Mini-Split Heating & Cooling
2 Bedroom Units
Listing Contacts
Listed by DL Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,192.00
$3,516.00/mo
Valuation Metrics
0
DSCR
5.63%
Cap Rate
5.63%
ROI
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