1101 E Taylor ST Street Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89502
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