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7350 W 4th St 12 Unit Apartment Building $3,100,500 CAD ($258,375 CAD/Unit) 5.51% Cap Rate Reno, NV 89523
Executive Summary
A Multi Family Rental Property in Reno, NV. There are two buildings with 11 residential Apartments PLUS one larger building zoned Commercial. The property is fully occupied. The location is excellent. It feels like a rural property yet is in the Reno city limits, located next to Truckee River. The current owners have completed massive improvements over the last few years, including; New roofs, New paved parking lot, New Exterior paint of 2 of 3 buildings, New water purification system, Cedar siding and fencing. All 12 units have received interior remodeling over the last five years, including new Baths, new flooring, new doors, lighting and much more.
Property Facts
| Price | $3,100,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $258,375 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 5.51% | Building Size | 7,884 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Zoning | MU | ||
| Price | $3,100,500 CAD |
| Price Per Unit | $258,375 CAD |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 7,884 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | MU |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 285 - 400 |
| 1+1 | 8 | - | 575 - 800 |
| 2+2 | 1 | - | 1,700 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 039-290-04 | Improvements Assessment | $128,084 CAD |
| Land Assessment | $160,719 CAD | Total Assessment | $288,803 CAD |
Property Taxes
Parcel Number
039-290-04
Land Assessment
$160,719 CAD
Improvements Assessment
$128,084 CAD
Total Assessment
$288,803 CAD
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7350 W 4th St
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