Homes for sale - 1101 E Taylor ST Street, Reno, NV 89502

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Nicole Turner

Real Broker, LLC.

nicoleturnerrealtor@gmail.com +1(775) 790-7850

$ 1,750,000

Est. payment | -/mo

8,712 Sqft Lot

Save

$ 1,750,000

Est. payment | -/mo

Save

8,712 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Wilkinson 1

MLS Listing ID 250004216

Year Built 1962

Annual Tax Amount $2,679

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 0.2

Property Sub-Type Multi Family

Property Description

Charming turnkey multifamily investment near Midtown Reno. This well-maintained property is a rare find in the highly sought-after Reno market. Featuring six spacious 2 bed / 1 bath units, it's an ideal opportunity for investors seeking hassle-free ownership and long-term stability., Currently managed by a skilled and reliable property manager who is available to stay on post-sale, this is a truly streamlined investment. With a slight adjustment in rents, the property can reach a 5% annual return (cap rate), making it a strong performer in today's market. Built in 1962 and offering a total of 4,760 square feet, the property generates a solid gross annual income of $105,319. Its proximity to Midtown Reno adds to the appeal for tenants and investors alike. For a comprehensive marketing package and detailed investment summary, please contact us directly. Don't miss this fantastic opportunity to add a quality asset to your portfolio.

Location

State NV

County Washoe

Community Wilkinson 1

Area Wilkinson 1

Zoning MF14

Direction Yori Ave & E Taylor St

Interior

Heating Electric, ENERGY STAR Qualified Equipment, Forced Air, Wall Furnace

Cooling Electric, ENERGY STAR Qualified Equipment, Wall/Window Unit(s)

Flooring Laminate

Laundry Common Area, In Unit

Exterior

Parking Features Assigned

Utilities Available Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Cellular Coverage, Water Meter Installed

View Y/N No

Roof Type Flat,Membrane

Garage No

Building

Story 2

Foundation Crawl Space

Structure Type Brick

Others

Tax ID 01314117

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Address Income

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(775) 790-7850

nicoleturnerrealtor@gmail.com

NV, USA

1101 E Taylor ST Street Reno, NV 89502