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Property profile & analytics
OFF-MARKET
Apartment buildings

425 Cedar St Fernley, NV 89408-8339

1,012 SF 1.09 ac lot Built 2007
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US62-0894481
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2007
Total area 1,012 SF
Lot 1.09 ac (47,393 SF)
Zoning code MF30
APN 020-102-18
UPID US62-0894481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Raymond Lavoie · 11 yrs held
Raymond Lavoie
since 2015
7 recorded transactions
2015
$1.0M
2014
$725,000
2007
$1.2M
2007
$150,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
MF30 · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

MF30, residential multifamily - 30 dwelling units per acre. (1) Purpose. This district is intended to preserve areas for high density multifamily housing types, even though single-family detached and limited nonresidential uses are allowed to meet the diverse needs of residents. Projects in this district are encouraged to provide amenities to offset the impa…

Zone name Residential Multiple Family 30 Dwelling Unit Per Acre Maximum
General category RESIDENTIAL
Zone area 158.22 ac
Source code of ordinances
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