Excellent investment opportunity at a 6.5% Cap Rate. North Spokane Street near the Reno Fairgrounds and in the path of UNR's expansion. Long-term, low maintenance tenants with Reno Housing Authority. 1 Studio at ~$470, 6 1-bedrooms at $635/mo and One 1-Bedroom at $725 (tenant has apartment and office rented out). Additional Income includes the 2-car garage rented at $200/mo and laundry at ~$200/mo. Tremendous opportunity to build out garage into one or two more units for added income and value.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
