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Gypsum Eight 3596 Gypsum Rd 8 Unit Apartment Building $2,016,399 CAD ($252,050 CAD/Unit) Reno, NV 89503
Investment Highlights
- Stabilized Asset
- Renovated Units
- Near UNR and TMCC
Executive Summary
The Gypsum Eight features 2 four-plex buildings with a total of 8 units that are all two bedrooms and one bathroom with approximately 676 sq ft. The property is located in Reno, NV with excellent access to Highway 395, The University of Nevada, Reno, Truckee Meadows Community College, and the McCarran Blvd main thoroughfare, making commuting easy for residents. The exteriors feature on-site laundry and assigned, on-site parking. The interior finishes vary by unit but most feature granite countertops, white shaker cabinets, stainless steel appliances, modern lighting, subway tile bathrooms, newer HVAC units, and LVP flooring. Some tenants do currently pay utility reimbursements and there is upside to implementing that on all units.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,016,399 CAD | Building Class | C |
| Price Per Unit | $252,050 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,408 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Zoning | MF30 - Multifamily | ||
| Price | $2,016,399 CAD |
| Price Per Unit | $252,050 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1/1,000 SF |
| Zoning | MF30 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
- Family Room
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,740 CAD | 676 |
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Property Taxes
| Parcel Number | 003-236-04 | Total Assessment | $182,972 CAD (2026) |
| Land Assessment | $91,118 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $91,854 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
003-236-04
Land Assessment
$91,118 CAD (2026)
Improvements Assessment
$91,854 CAD (2026)
Total Assessment
$182,972 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Gypsum Eight | 3596 Gypsum Rd
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