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1135-85 W 2nd, Reno, NV 89503
0 Beds
0 Baths
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this is a Multi-Family portfolio deal (each can be sold separately, look out for MLS # 190007430 & 190007432.Urban West is located on west second street downtown Reno walking distance from the Truckee river. This beautiful property offers a buyer the rare combination of a desirable location, newly renovated product, and guaranteed income! The renovations and improvements include the lot/property, landscaping, exterior, storage rooms, washer/dryer in each unit ,wifi/cabling and fully furnished units! Listing Agent: YaYa Jackoby Email Address: YaYa@YaYaRealty.com Broker: Ferrari-Lund Real Estate South A current master lease is in place guaranteeing rent on all 34 units for an initial term of two years. This includes two additional 1-year options to extend the initial 2-year term. Under this agreement all units are guaranteed income of $1,500 a month. The master lessee is responsible for utilities including gas and electric, water and sewer and each tenant's insurance policy and all turnover costs. over 7% CAP....Guaranteed income with 2-year master lease. ….All 34 units extensively renovated and fully furnished.
  • Price:
  • $6,300,000
  • Acreage:
  • 0.52
  • Year Built:
  • 1960
  • Listing ID #:
  • 190007877
  • Street Address:
  • 1135-85 W 2nd
  • City:
  • Reno
  • State:
  • Nevada
  • Postal Code:
  • 89503
  • County:
  • Washoe
  • Listing Status:
  • Active
  • Deck Description:
  • Yes
  • Exterior Description:
  • Brick
  • Flooring:
  • Carpet, Concrete, Laminate
  • Number Of Units:
  • 34
  • Stories:
  • 2.0
  • Year Built:
  • 1960
  • Property Taxes:
  • $9,049
  • Parking Spaces:
  • 34
  • Appliances:
  • Dishwasher, Dryer, Garbage Disposer, Oven, Refrigerator, Washer
  • Cooling System:
  • Central A/C
  • Heating:
  • Forced Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By YaYa Jackoby of Ferrari-Lund Real Estate South (775-688-4000)
  • Copyright © 2019 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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