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31850731
31850732

1101 E Taylor St, Reno, NV 89502

BG
NV S.47543, NV 0047543
CBRE Reno
AM
NV NV 0186531
CBRE - Reno
Listed by CBRE Reno, CBRE - Reno
$1,725,000
52 days on market
Updated 42 days ago

Taylor Decos | 4% Seller Financing Available

Details
APN 013-141-17
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,760
Net Rentable (SqFt) 4,760
Units 6
Cap Rate 4.09%
NOI $70,485
Occupancy 100%
Pro-Forma Cap Rate 4.7%
Pro-Forma NOI $81,064
Price per SqFt $362
Class B
Year Built 1962
Year Renovated 2020
Buildings 1
Stories 2
Acreage 0.200
Zoning MF-14
Investment Type Stabilized

Multifamily | 6 Units | $287,500/unit

Marketing description

The Taylor Decos consists of 6 total units, on a large lot, bordering both the Renown Medical and Grove rental submarkets in Reno, NV. This asset offers a popular unit mix of 6 two bedroom one bathroom, 793 +/-sq ft units. The asset has received many recent renovations adding modern finishes which include LVP flooring, upgraded fixtures, new countertops, stainless steel appliances, tile shower and tub surrounds, modern lighting and much more. The property has onsite laundry but there is upside to adding in unit laundry and increasing rents. Owner financing available!!! The owner is willing to carry a new 1st deed of trust at 4% interest with 40% down with a full balloon in 3 to 5 years on approved credit of Buyer. The location provides great access to restaurants, retail shops, Renown Medical Center, major bus lines, and community events all just steps from their front door.

Investment highlights

  • On-Site Laundry Facility
  • Recent Renovation
  • Upside in the rents
  • Popular All 2 Bed Unit Mix
  • On-Site Parking
  • 4% Owner Financing Available

Listing Contacts

BG
NV S.47543, NV 0047543
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
$70,485.00
$5,873.75/mo

Valuation Metrics

0
DSCR
4.09%
Cap Rate
4.09%
ROI

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Additional Information

Name
Ben Galles
License
S.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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