0 Tabrizi Ct Dayton, NV 89403
This exceptional 1.479-acre parcel in Dayton, NV, presents a prime multifamily development opportunity. Zoned NR2, this property boasts existing utilities and significant water rights (15.4 acre-feet), a crucial and expensive asset in Lyon County, estimated at $300,000-$400,000. The four lots, forming a cul-de-sac off Dayton Valley Road, are ideally situated for up to 22 apartment units (plans envision 2 and 3-bedroom units with garages). The water rights are "run with the land," ensuring their permanence with the property. Dayton's strategic location, near Carson City and the Tahoe Reno Industrial Center, fuels high housing demand, further enhanced by the recent opening of a large WebstaurantStore distribution center. The site's proximity to Dayton Valley Intermediate and High School adds to its appeal. This is a turnkey opportunity, ready for permit applications, offering substantial value and strong potential for return. APN: 016-271-34, 35, 36, 37. Asking price: $1,199,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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