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330 Talus Way 6 Unit Apartment Building $1,688,400 CAD ($281,400 CAD/Unit) 3.70% Cap Rate Reno, NV 89503
Investment Highlights
- Seller Financing Available
- 1985 Construction
- Located near The University of Nevada Reno (UNR)
Executive Summary
SELLER FINANCING AVAILABLE with the following terms: $625,000 down, seller to carry a $575,000 note amortized over 30 years, with a 5% interest rate, and a 5-year term.
1985 Construction.
All six units have an identical floorplan which can accommodate the addition of stackable washer & dryers for added value and increased income potential.
Great location for rentals with The University of Nevada Reno (UNR) within walking distance.
Two of the six PTAC cooling / heating units have recently been replaced, and five of the six water heaters have recently been replaced.
Ample area under the building provides plenty of room for storage and easy access to plumbing components.
1985 Construction.
All six units have an identical floorplan which can accommodate the addition of stackable washer & dryers for added value and increased income potential.
Great location for rentals with The University of Nevada Reno (UNR) within walking distance.
Two of the six PTAC cooling / heating units have recently been replaced, and five of the six water heaters have recently been replaced.
Ample area under the building provides plenty of room for storage and easy access to plumbing components.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$88,742
|
$25.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,219
|
$0.65
|
| Effective Gross Income |
$86,523
|
$25.17
|
| Taxes |
$4,540
|
$1.32
|
| Operating Expenses |
$19,511
|
$5.68
|
| Total Expenses |
$24,051
|
$7.00
|
| Net Operating Income |
$62,472
|
$18.17
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $88,742 |
| Annual Per SF | $25.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,219 |
| Annual Per SF | $0.65 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $86,523 |
| Annual Per SF | $25.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,540 |
| Annual Per SF | $1.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,511 |
| Annual Per SF | $5.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,051 |
| Annual Per SF | $7.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $62,472 |
| Annual Per SF | $18.17 |
Property Facts
| Price | $1,688,400 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $281,400 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 3.70% | Building Size | 3,438 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Zoning | MF30 - Multifamily 30 Units per Acre | ||
| Price | $1,688,400 CAD |
| Price Per Unit | $281,400 CAD |
| Sale Type | Investment |
| Cap Rate | 3.70% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,438 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.33/1,000 SF |
| Zoning | MF30 - Multifamily 30 Units per Acre |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Dining Room
- Patio
- Window Coverings
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,477 CAD | 573 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 003-234-10 | Total Assessment | $150,498 CAD (2026) |
| Land Assessment | $81,071 CAD (2026) | Annual Taxes | $4,540 CAD ($1.32 CAD/SF) |
| Improvements Assessment | $69,426 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
003-234-10
Land Assessment
$81,071 CAD (2026)
Improvements Assessment
$69,426 CAD (2026)
Total Assessment
$150,498 CAD (2026)
Annual Taxes
$4,540 CAD ($1.32 CAD/SF)
Tax Year
2025
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330 Talus Way
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