$1,200,090
$1,095,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
4,784 SqFt
SOLD DATE : 09/02/2025
Key Details
Sold Price $1,200,090
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,784 sqft
Price per Sqft $250
MLS Listing ID 250005426
Sold Date 09/02/25
Year Built 1940
Annual Tax Amount $2,843
Lot Size 0.504 Acres
Acres 0.5
Lot Dimensions 0.5
Property Sub-Type Multi Family
Property Description
1570 AND 1630 Idlewild Dr. - 3 contiguous parcels with 2 buildings / 7 units total. 7%+ CAP Rate (on actuals). $156k per unit!! Over 1/2 an acre in total with plenty of room for additional development possible. Desirable location across the street from the Truckee River and Idlewild Park keeps these units in high demand from tenants. Perfect for AirBB or continue as-is with long-term tenants. Many major upgrades made within the past 8 months. Call for list of recent upgrades, Rent Roll, and cashflow APOD., APN's included in sale: APN 010-110-05 - 1630 Idlewild (3 units) APN 010-110-06 - 0 Idlewild (vacant strip of land) APN 010-110-07 - 1570 Idlewild (4 units)
Location
State NV
County Washoe
Zoning PD
Direction Hunter Lake or Booth to Idlewild
Interior
Heating Electric, Natural Gas, Wall Furnace
Cooling Electric
Flooring Varies
Laundry None
Exterior
Parking Features Assigned
Utilities Available Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
View Y/N No
Roof Type Composition,Pitched,Shingle
Garage No
Building
Lot Description Landscaped
Story 2
Foundation Slab, Crawl Space
Water Public
Structure Type Fiber Cement,Frame,Wood Siding
Others
Tax ID 010-110-05
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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REALTOR® | Lic# CA 01350620 NV BS145655