$1,225,000
$1,250,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1050 W 2nd ST Street Reno, NV 89503
4,998 SqFt
Key Details
Sold Price $1,225,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,998 sqft
Price per Sqft $245
MLS Listing ID 240011335
Sold Date 03/26/25
Year Built 1932
Annual Tax Amount $2,161
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 0.07
Property Sub-Type Multi Family
Property Description
Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential., Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don't miss out on this opportunity to invest in a promising property with strong rental potential!
Location
State NV
County Washoe
Zoning GC
Direction Keyston
Interior
Heating Forced Air, Natural Gas
Flooring Wood
Laundry Common Area
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
Roof Type Composition,Pitched,Shingle
Building
Lot Description Landscaped
Story 3
Foundation Slab
Water Public
Structure Type Brick,Stone
Others
Tax ID 01004634
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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