Century 21 Americana
Listed by Century 21 Americana
$650,000
340 6th Street
Details
APN 002-545-002,002-545-
Property Type Land
Sub Type Commercial
Square Footage 13,672
Year Built 1972
Land
Marketing description
A rare value-add multifamily investment opportunity in Wells, Nevada. This 33-unit Motel, which has been converted to studio units, offers immediate cash flow with significant upside potential through lease-up of currently vacant units. This property presents a compelling value-add opportunity for an investor to reposition and stabilize occupancy. At current in-place rents, the property generates a strong going-in cap rate, with substantial upside as remaining units are leased. The CAP rate is 9.5% with an NOI of $61,750.00.
Listing Contacts
Century 21 Americana
Listed by Century 21 Americana
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