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Map
$1,357,439*
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Multifamily -
Off Market
2312 Wedekind Rd #18
Reno, NV 89512
Studio
0 Bath
$833,000 - $1,017,000
Reference Base Price*
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
many brand new windows, new security gates. 3 units were upgraded
with granite counter tops. Tile bathroom floors and showers,
laminate kitchen floors, carpet in the living areas and much more.
50 year old roof, very nice siding and all units are in great
condition. Tenants pay for utilities. Individually metered gas and
electric. Tenants are amazing and keep there units very nice
and the owner keeps up on all repairs and maintenance Long
term tenants on month to month leases so the new owner can get them
in a contract with what works for them. Rents increased February
2019 and will increase again April 2019. Solid Investment
opportunity and 100% occupied. High Cap Rate. Skies the limit on
the earnings you can make on this 8 unit apartment building.
Reno/Sparks has a vacancy shortage and the demand is high for
housing. Reno/ Sparks is # 1 in the nation for job growth. #1 in
the nation in population growth. #1 in the nation in property value
increases and rental price increases. This is a Recipe for major
growth for you as an investor. This building has its own
Gated private parking for the tenants. Property is located in the
same driveway as 2300 Wedekind Dr. Drive all the way to the back of
the parking lot and this complex is the very last building.
We have the market to support your goals of an income
property. This meticulously maintained apartment building is tucked
away in its own little, quite community. Only 5 minutes from
downtown Reno and UNR college. 25-30 min from Tesla/Panasonic,
switch, Zulilly and many more large companies housed in the
Industrial park in Sparks, NV. Next to bus lines, the HWY, lots of
shopping and many town events within minutes of this location. Once
renters move in they love the area so much they never want to leave
with some living in the unit 30 years. Remodeled in 2016 and
2018 Listing Agent: Monica McCallum Email Address:
[email protected] Broker: Coldwell Banker Select Reno
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$3,365
HOA Dues
-
Year Built
1987
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 20, 2024 | No longer available | - | |
No longer available | |||
Nov 2, 2023 | Listed | $1,500,000 | |
Listed | |||
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Opportunity Alert! 8 units 2 bedroom/1 bath in Reno, Nevada. Rent
at 1,000/unit per month. All units have been upgraded some with
granite counter tops. Washer, dryer, and dishwasher in each unit.
50-year composite shingle roof replaced in 2003. Downtown Reno and
The University of Nevada only 5 minutes away. Short drive to USA
Parkway, Tesla/Panasonic, Switch, and the Industrial Park. Bus
lines, close to HWY, lots of shopping, and many town events within
minutes of this location.
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Jul 20, 2019 | No longer available | - | |
No longer available | |||
Mar 16, 2018 | Listed | $925,000 | |
Listed |
Property Highlights
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 |
---|---|---|---|---|---|---|---|---|
11/02/2023
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Loft
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-
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-
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$1,500,000
Loft
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Ryan Ward
ERA - Realty Central
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07/15/2021
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Loft
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-
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$1,560,000
Loft
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-
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Ryan Ward
ERA - Realty Central
|
03/16/2018
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Studio
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Studio
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