3601 Gypsum Rd, Reno, NV 89503
- $1,600,000
- 5,280
- SqFt
- Sold Price
- $1,600,000
- List Price
- $1,600,000
Property Description
Fully occupied 8-unit multifamily investment near UNR. 3601 Gypsum Rd delivers strong in-place income with immediate upside through below-market rents. Current annual income 106 K with low 23 percent expense ratio and 81K NOI. Attractive seller financing available — 300 K down, 5 percent interest, 30-year amortization, 5-year balloon. Unit mix: (4) 1-bed / 1-bath and (4) 2-bed / 1-bath. Rents average 200-300 dollars below market, creating significant growth potential once updated. Prime North Reno location minutes from UNR, downtown, and I-80. Rare turnkey opportunity offering stability, cash flow, and value-add potential.
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Courtesy of Maribel Garcia and Harcourts Vanguard. Contact:
Selling Office: Sierra Sotheby's Intl. Realty.
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Data last updated on 06/28/2017.
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