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3964 Neil Rd.

Reno, NV 89502
  • $899,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 220014161
UPDATED: 69 min ago
$899,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,712
    SQFT
  • $242
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Information

Elementary School:
Middle School:
High School:

Description

current rents & routine expenses = 5.34 CAP rate, increasing rents to proven market rates = 6.67 CAP rate (pro-forma). Central Reno location with public transportation nearby and easy freeway access. Favorable unit mix with two 1 bed/ 1 bath and two 2 bed/ 1.5 bath units. All units have washer/dryer hook-ups. Tenants pay electricity, owner pays water/sewer/trash. Upside in rents/income and a historically low vacancy rate makes this an attractive opportunity for investors.

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Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty One Group Eminence. Real estate listings held by brokerage firms other than Realty One Group Eminence are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-01T13:19:52.043.
www.realpronv.com/homes/133342630
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3964 Neil Rd. Reno, NV 89502

  • Price: $899,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 69 min ago
  • MLS #: 220014161
0
Beds
0
Baths
0
½ Baths
0.16
Acres
3,712
SQFT
$242
$/SQFT
1978
Built
Neighborhood:
Reno-Southeast
County:
Washoe
Area:
Reno-Southeast
Elementary School:
Smithridge
Middle School:
Pine
High School:
Damonte
Property Description
current rents & routine expenses = 5.34 CAP rate, increasing rents to proven market rates = 6.67 CAP rate (pro-forma). Central Reno location with public transportation nearby and easy freeway access. Favorable unit mix with two 1 bed/ 1 bath and two 2 bed/ 1.5 bath units. All units have washer/dryer hook-ups. Tenants pay electricity, owner pays water/sewer/trash. Upside in rents/income and a historically low vacancy rate makes this an attractive opportunity for investors.
Exterior Features

Construction Wood Frame Exterior Wood Siding Fenced Partial Foundation Concrete/Crawl Space Landscaped Partially Landscaped Parking Capacity 8 Parking Types Common Roof Composition/ShinglePitched Sprinklers None

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 706 2 Bedroom Baths 2 2 Bedroom Sq Ft 1150 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances DishwasherDryerOven/RangeRefrigeratorVaries Per UnitWasher Flooring CarpetLaminateVaries By Unit Heating Cooling Air UnitBaseboardElectric Laundry Hook-Up Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 0 Studio Sq Ft 0 Unit Features BalconyBlinds/ShadesPatio/DeckSmoke DetectorVaries Per Unit Water Heater Electric Windows Double PaneVinyl Frame

Property Features

1 Bedroom Avg Rent Per Unit 888 1 Bedroom Units 2 2 Bedroom Avg Rent Per Unit 1475 2 Bedroom Units 2 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 8734 Annual Income And Expenses Actual Annual Vacancy 0 Apod Available Yes Common Features None Documents On File Rental/Leases Facility Features Landlord Pays UtilitiesMaster Meter-WaterSeparate Heating/CoolingSeparate Meters-ElectricSeparate Water HeatersTenant Pays Utilities Green Feature Double Pane Windows Green Features None Gross Scheduled Income 56700 HUD No Multifamily Type DuplexTriplex4-Plex Net Operating Income 47966 Owners May Sell CashConventionalExchange 1031 Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities CableCity/County WaterCity SewerElectricityTelephoneInternet AvailableCellular Coverage Avail Zoning Actual Mf30

Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Dl Realty: 775-762-5418.

Northern Nevada Regional MLS logo © 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty One Group Eminence. Real estate listings held by brokerage firms other than Realty One Group Eminence are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-01T13:19:52.043.
 
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Realty One Group Eminence
5325 Reno Corporate Blvd
Reno NV, 89511