Listed by DL Realty
$1,200,000
330 TALUS WAY RENO NV 89503
Details
APN 003-234-10
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 3,438
Units 6
Cap Rate 3.7%
NOI $44,401
Pro-Forma Cap Rate 4.72%
Pro-Forma NOI $56,616
Price per SqFt $349
Year Built 1985
Buildings 1
Stories 2
Lot Size (SqFt) 8,112
Zoning MF30
Investment Type Value Add
6-Unit Apartment Building with Seller Financing Available
Marketing description
6-Unit Apartment Building with Seller Financing Available
Investment highlights
SELLER FINANCING AVAILABLE with the following terms: $625,000 down, seller to carry a $575,000 note amortized over 30 years, with a 5% interest rate, and a 5-year term.
1985 Construction.
All six units have an identical floorplan which can accommodate the addition of stackable washer & dryers for added value and increased income potential.
Great location for rentals with The University of Nevada Reno (UNR) within walking distance.
Two of the six PTAC cooling / heating units have recently been replaced, and five of the six water heaters have recently been replaced.
Ample area under the building provides plenty of room for storage and easy access to plumbing components.
Listing Contacts
Listed by DL Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,401.00
$3,700.08/mo
Valuation Metrics
0
DSCR
3.7%
Cap Rate
3.7%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
