1-11-747 Willow St Reno, NV 89502

Listing Agency Dickson Realty - Downtown j***@dicksonrealty.com Show Phone

Listed by Jacqueline Lescott · License #S.187479 Show Phone

Source Exprealty

Added: Apr 29 Checked: Jul 15 at 8:18 pm

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Investment Insights

Based on property information with market context.

This nine-unit investment property features a history of consistent income generation. The property includes three buildings: a five-unit building and two duplexes. The five-unit building and one duplex have had their roofs replaced within the past two years. Located near Midtown and Downtown Reno, the property offers convenient access to I-80 and I-580 freeways, Renown Hospital, and the VA Hospital. The University of Nevada, Reno is approximately 2.5 miles away. All units have been updated in the last four years. The property generates over $106,000 in gross rental income. Current rents are below market rates, presenting an opportunity to increase income upon lease expiration. The self-managed CAP rate exceeds six percent.

Key Highlights

• Proven track record of generating over $106,000 in gross rental income.
• Opportunity to increase income by raising rents to market rates.
• Nine units (5‑plex and two duplexes) provide a diversified investment.

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FAQs

What type of property is this?

Apartment building - Stable income property near Midtown, Downtown, hospitals, and UNR.

Where is this apartment building located?

The property is located at 1-11-747 Willow St Reno, NV.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Proven track record of generating over $106,000 in gross rental income.; Opportunity to increase income by raising rents to market rates.; Nine units (5‑plex and two duplexes) provide a diversified investment.