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425-445 Casazza Dr 6 Unit Apartment Building $1,729,237 CAD ($288,206 CAD/Unit) 5.92% Cap Rate Reno, NV 89502
EXECUTIVE SUMMARY
Garden style six plex in outstanding location!! In midtown, next to Reno Public Market. Highly desirable, easy to walk to restaurants and shopping makes this a highly sought after location.
Long term tenants, this property has off street parking and washer/dryer in five of the apartment homes.
The apartment homes are truly uncommon in Reno. All have access to beautifully landscaped interior courtyard and their own backyard.
Current rents are lower than average in the area and could have future increase to escalate cap rate.
Long term tenants, this property has off street parking and washer/dryer in five of the apartment homes.
The apartment homes are truly uncommon in Reno. All have access to beautifully landscaped interior courtyard and their own backyard.
Current rents are lower than average in the area and could have future increase to escalate cap rate.
PROPERTY FACTS
| Price | $1,729,237 CAD | Building Class | C |
| Price Per Unit | $288,206 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,040 SF |
| Cap Rate | 5.92% | No. Stories | 1 |
| No. Units | 6 | Year Built | 1951 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | CC | ||
| Price | $1,729,237 CAD |
| Price Per Unit | $288,206 CAD |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,040 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Opportunity Zone |
Yes |
| Zoning | CC |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 507 |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 013-451-12 | Improvements Assessment | $37,687 CAD |
| Land Assessment | $102,672 CAD | Total Assessment | $140,359 CAD |
PROPERTY TAXES
Parcel Number
013-451-12
Land Assessment
$102,672 CAD
Improvements Assessment
$37,687 CAD
Total Assessment
$140,359 CAD
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425-445 Casazza Dr
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