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3601 Gypsum Road, 5050 Vista Blvd. Suite 104
$1,600,000

3601 Gypsum Road, 5050 Vista Blvd. Suite 104

5,280 Sq.Ft. 10,575 Sq.Ft.

Description

Fully occupied 8-unit multifamily investment near UNR. 3601 Gypsum Rd delivers strong in-place income with immediate upside through below-market rents. Current annual income 106 K with low 23 percent expense ratio and 81K NOI. Attractive seller financing available -- 300 K down, 5 percent interest, 30-year amortization, 5-year balloon. Unit mix: (4) 1-bed / 1-bath and (4) 2-bed / 1-bath. Rents average 200-300 dollars below market, creating significant growth potential once updated. Prime North Reno location minutes from UNR, downtown, and I-80. Rare turnkey opportunity offering stability, cash flow, and value-add potential.

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Location

3601 Gypsum Road, 5050 Vista Blvd. Suite 104, Reno, NV 89503

Status

Sold
Kathy L. Williams

Kathy L. Williams

TITLE

REALTOR®

LICENSE

0169798

PHONE

775.848.3045

Property Amenities

Interior
Laundry room In Unit
Flooring Carpet, Vinyl
Area & Lot
Total area 5,280 Sq.Ft.
Lot Area 10,575 Sq.Ft.
Living area 5,280 Sq.Ft.
MLS® ID 250057305
Year Built 1986
Type Commercial
Status Sold
Exterior
Stories 2
Heat type Baseboard
Water Source Public
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Parking On Site, Parking Lot
Lot Features Corner Lot, Sloped Up
Roof Shingle
Utilities Natural Gas Connected, Water Connected, Water Meter Installed
Finance
Sales Price $1,600,000
Real Estate Tax $4,616 yearly

Reno

Consists of many distinctive neighborhoods with housing to suit all tastes.

Work With Kathy

Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact Kathy today to discuss all your real estate needs!