$9,221,735*
●
Multifamily -
Off Market
1135-85 W 2nd
Reno, NV 89503
Studio
0 Bath
$5,670,000 - $6,930,000
Reference Base Price*
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
this is a Multi-Family portfolio deal (each can be sold separately,
look out for MLS # 190007430 & 190007432.Urban West is located on
west second street downtown Reno walking distance from the Truckee
river. This beautiful property offers a buyer the rare combination
of a desirable location, newly renovated product, and guaranteed
income! The renovations and improvements include the lot/property,
landscaping, exterior, storage rooms, washer/dryer in each unit
,wifi/cabling and fully furnished units! Listing Agent: YaYa
Jackoby Email Address: [email protected] Broker: Ferrari-Lund
Real Estate South A current master lease is in place guaranteeing
rent on all 34 units for an initial term of two years. This
includes two additional 1-year options to extend the initial 2-year
term. Under this agreement all units are guaranteed income of
$1,500 a month. The master lessee is responsible for utilities
including gas and electric, water and sewer and each tenant's
insurance policy and all turnover costs. over 7% CAP....Guaranteed
income with 2-year master lease. ....All 34 units extensively
renovated and fully furnished.
Unit Size
-
Days on Market
-
Land Size
0.52 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$9,050
HOA Dues
-
Year Built
1960
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 18, 2020 | Sold | $5,250,000 | |
Sold | |||
Nov 27, 2019 | No longer available | - | |
No longer available | |||
Jul 13, 2019 | Price Decreased |
$6,300,000
↓ $400K
(6%)
|
|
Price Decreased | |||
May 30, 2019 | Listed | $6,700,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/28/2020
|
|
Studio
|
-
|
-
|
$5,895,000
Studio
-
|
-
-
|
-
|
-
|
05/22/2019
|
|
Studio
|
-
|
-
|
$2,175,000
Studio
-
|
-
-
|
-
|
-
|