1101 E Taylor ST Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89501
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $367
MLS Listing ID 1018363
Year Built 1962
Annual Tax Amount $2,679
Lot Size 8,712 Sqft
Property Sub-Type Multi Family
Property Description
Charming turnkey multifamily investment near Midtown Reno. This well-maintained property is a rare find in the highly sought-after Reno market. Featuring six spacious 2 bed / 1 bath units, it's an ideal opportunity for investors seeking hassle-free ownership and long-term stability. Currently managed by a skilled and reliable property manager who is available to stay on post-sale, this is a truly streamlined investment. With a slight adjustment in rents, the property can reach a 5% annual return (cap rate), making it a strong performer in today's market. Built in 1962 and offering a total of 4,760 square feet, the property generates a solid gross annual income of $105,319. Its proximity to Midtown Reno adds to the appeal for tenants and investors alike. For a comprehensive marketing package and detailed investment summary, please contact us directly. Don't miss this fantastic opportunity to add a quality asset to your portfolio.
Location
State NV
County Washoe
Area Other Washoe Areas
Interior
Heating Natural Gas,Gas,Wall Furnace
Cooling Central Air,Wall/Window Unit(s),1 Unit
Flooring Laminate
Exterior
Exterior Feature Security Lighting
View Y/N Yes
View Mountain(s),Trees/Woods
Roof Type Flat
Building
Lot Description Corner Lot,Level
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan