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844 Lichen Ct 3 Unit Apartment Building Offered at $3,738,150 CAD at a 3.16% Cap Rate Incline Village, NV 89451
INVESTMENT HIGHLIGHTS
- Golf Course Location - 5th hole of Incline Village's Mountain Golf Course
- Brand new roof and exterior stain/paint
- Each unit has its own parcel number: 129-380-05,06,07
- Incline Village amenities include 3 private beaches, 2 golf courses, Rec Center, Tennis Center, Diamond Peak Ski Resort, etc.
EXECUTIVE SUMMARY
Triplex condo complex on Incline's Mountain Golf Course. This rare offering includes individual parcel numbers for EACH three-bedroom unit. All units have been remodeled throughout, featuring rock-hearth fireplaces, open-beamed ceilings, custom cabinetry, slab granite countertops and private BBQ decks. This building has fresh stain/paint and a new roof. Two of the three units are rented long-term, while the owner's unit is available for private showings. This unique investment opportunity provides many options: 1) Rent all of the units, long and/or short term. 2) Rent two of the three units and keep one unit for personal use. Or 3) Sell some or all of the units as individual condos. Incline Village amenities include 3 private beaches, 2 golf courses, Rec Center, Tennis Center, Diamond Peak Ski Resort, and the list goes on. Only 40 minutes from the Reno Tahoe International Airport. Nevada residents enjoy zero state income tax.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$174,447
|
$32.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$174,447
|
$32.31
|
| Taxes |
$13,608
|
$2.52
|
| Operating Expenses |
$28,943
|
$5.36
|
| Total Expenses |
$42,551
|
$7.88
|
| Net Operating Income |
$131,896
|
$24.43
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $174,447 |
| Annual Per SF | $32.31 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $174,447 |
| Annual Per SF | $32.31 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,608 |
| Annual Per SF | $2.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $28,943 |
| Annual Per SF | $5.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,551 |
| Annual Per SF | $7.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,896 |
| Annual Per SF | $24.43 |
PROPERTY FACTS
| Price | $3,738,150 CAD | Property Type | Multifamily |
| Price Per Unit | $1,246,050 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 5,400 SF |
| Cap Rate | 3.16% | No. Stories | 3 |
| Gross Rent Multiplier | 21.43 | Year Built | 1980 |
| No. Units | 3 |
| Price | $3,738,150 CAD |
| Price Per Unit | $1,246,050 CAD |
| Sale Type | Investment |
| Cap Rate | 3.16% |
| Gross Rent Multiplier | 21.43 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Class | C |
| Building Size | 5,400 SF |
| No. Stories | 3 |
| Year Built | 1980 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3 | 3 | $4,846 CAD | 1,800 |
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