NV > Reno
Reno, NV 89512,650 Elko AVE Avenue
Reno, NV 89512,650 Elko AVE Avenue
Reno, NV 89512,650 Elko AVE Avenue
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$799,000
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2,165 SqFt
Price Dropped by $31K

650 Elko AVE Avenue Reno, NV 89512

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Terri Smith

Terri Smith

+1(775) 258-2434

UPDATED:

Key Details

Property Type Manufactured Home

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,165 sqft

Price per Sqft $369

MLS Listing ID 250005215

Year Built 1992

Annual Tax Amount $2,001

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 0.17

Property Sub-Type Quadruplex

Property Description

Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry., Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!

Location

State NV

County Washoe

Zoning Md-Id

Direction E 7th and Elko Ave

Interior

Heating Forced Air, Natural Gas

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile

Equipment Varies By Unit

Fireplace No

Laundry Common Area

Exterior

Utilities Available Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

Roof Type Composition,Shingle

Building

Lot Description Landscaped

Story 2

Foundation Crawl Space

Water Public

Structure Type Frame,Wood Siding

Schools

Elementary Schools Booth

Middle Schools Vaughn

High Schools Wooster

Others

Tax ID 008-183-18

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by RE/MAX Gold

Learn More About LPT Realty

agent

Terri Smith

Real Estate Professional | License ID: S.0170993

+1(775) 258-2434

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650 Elko AVE Avenue