1101 E Taylor ST Street Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89502
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250004216
Year Built 1962
Annual Tax Amount $2,679
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 0.2
Property Sub-Type Multi Family
Property Description
Charming turnkey multifamily investment near Midtown Reno. This well-maintained property is a rare find in the highly sought-after Reno market. Featuring six spacious 2 bed / 1 bath units, it's an ideal opportunity for investors seeking hassle-free ownership and long-term stability., Currently managed by a skilled and reliable property manager who is available to stay on post-sale, this is a truly streamlined investment. With a slight adjustment in rents, the property can reach a 5% annual return (cap rate), making it a strong performer in today's market. Built in 1962 and offering a total of 4,760 square feet, the property generates a solid gross annual income of $105,319. Its proximity to Midtown Reno adds to the appeal for tenants and investors alike. For a comprehensive marketing package and detailed investment summary, please contact us directly. Don't miss this fantastic opportunity to add a quality asset to your portfolio.
Location
State NV
County Washoe
Zoning MF14
Direction Yori Ave & E Taylor St
Interior
Heating Electric,ENERGY STAR Qualified Equipment,Forced Air,Wall Furnace
Cooling Electric,ENERGY STAR Qualified Equipment,Wall/Window Unit(s)
Flooring Laminate
Laundry Common Area,In Unit
Exterior
Parking Features Assigned
Utilities Available Electricity Available,Internet Available,Natural Gas Available,Sewer Available,Cellular Coverage,Water Meter Installed
View Y/N No
Roof Type Flat,Membrane
Garage No
Building
Story 2
Foundation Crawl Space
Structure Type Brick
Others
Tax ID 01314117
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional