Excellent investment opportunity at a 6.5% Cap Rate. North Spokane Street near the Reno Fairgrounds and in the path of UNR's expansion. Long-term, low maintenance tenants with Reno Housing Authority. 1 Studio at ~$470, 6 1-bedrooms at $635/mo and...
Excellent investment opportunity at a 6.5% Cap Rate. North Spokane Street near the Reno Fairgrounds and in the path of UNR's expansion. Long-term, low maintenance tenants with Reno Housing Authority. 1 Studio at ~$470, 6 1-bedrooms at $635/mo and One 1-Bedroom at $725 (tenant has apartment and office rented out). Additional Income includes the 2-car garage rented at $200/mo and laundry at ~$200/mo. Tremendous opportunity to build out garage into one or two more units for added income and value.
Listing Courtesy of RE/MAX Premier Properties
Air Unit, Electric, Natural Gas, Forced Air, Wall Heater
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