$640,000
$699,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
3,432 SqFt
SOLD DATE : 05/06/2025
Key Details
Sold Price $640,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,432 sqft
Price per Sqft $186
MLS Listing ID 250002432
Sold Date 05/06/25
Year Built 1963
Annual Tax Amount $1,713
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 0.17
Property Description
Turnkey 4-Plex Investment Opportunity – 6% CAP Rate! Don't miss this renovated 4-plex, featuring four 2-bed, 1-bath units, all updated in 2024. Situated in a prime central location, this property is fully leased and generating strong cash flow, offering a rare 6% CAP rate in today's market., The concrete block exterior ensures low-maintenance durability, while ample front and street parking adds convenience for tenants. Additionally, a detached laundry facility—currently not in operation—presents an opportunity to add even more value and amenities. This is a fantastic turnkey investment, don't miss out on this income-producing property!
Location
State NV
County Washoe
Zoning MF30
Direction Sutro/Wedekind/Patton
Interior
Heating Natural Gas
Flooring Laminate
Laundry In Unit, Washer Hookup
Exterior
Parking Features Common
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Water Available, Water Meter Installed
View Y/N No
Roof Type Flat
Garage No
Building
Story 2
Foundation Slab
Water Public
Structure Type Brick
Schools
Elementary Schools Cannan
Middle Schools Traner
High Schools Hug
Others
Tax ID 00409306
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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REALTOR® | Lic# CA 01350620 NV BS145655