Reno, NV 89503,1050 W 2nd ST Street
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Reno, NV 89503,1050 W 2nd ST Street
Reno, NV 89503,1050 W 2nd ST Street
Reno, NV 89503,1050 W 2nd ST Street
Reno, NV 89503,1050 W 2nd ST Street

$1,225,000

Est. payment /mo

$1,250,000

2.0%
Est.Price: ?

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1050 W 2nd ST Street Reno, NV 89503

4,998 SqFt

SOLD DATE : 03/26/2025

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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Listed by Marmot Properties, LLC
agent

Rogelio Garcia

Team Leader - Realtor | License ID: S.182684

+1(775) 316-1384

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