2308 Wedekind Road

Reno, NV 89512
Square Ft.
3,456
$1,150,000
Turnkey 6-unit apartment building with an in place 5.35 cap rate. No renovations needed, simply raise rents to an already proven market rate to achieve a 6.8 proforma cap rate. 1987 Construction. New roof in 2022 and fresh exterior paint in 2023 courtesy of the previous owner. Three new mini-split… Read MoreRead Less
Courtesy of DL Realty
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Square Ft.
3,456
Lot Size
0.19 Acres
Year Built
1987
MLS Number
260013868
Property Location Map
Additional Details
Property Access
Frontage Type: Private Road, Road Responsibility: Private Maintained Road, Road Maintenance Agreement, Road Surface: Paved
Building
Built in 1987, 1 building, Levels: One, Construction Materials: Unknown
Cooling
Electric, Wall/Window Unit(s)
Expenses
Trash: $3,336
Fence
Partial
Floors
Varies
Foundation
Crawl Space
Heating
Natural Gas, Wall Furnace
Home Owner's Association
Fee Includes: None
Income
Gross ScheduledIncome: $80,136, Net Operating Income: $61,507
Laundry
In Unit, Washer Hookup, Varies By Unit
Lot
0.19 acres, Level
Parking
10 total parking spaces, On Site, Parking Lot
Roof
Pitched, Shingle
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Parcel Number: 026-801-02, Annual Amount: $3,797.41, Zoning: MF30
Utilities
Cable Connected, Electricity Connected, Internet Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Cellular Coverage, Water Meter Installed, Water Source: Public
Windows
Blinds
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