921 Willow Street, Unit 911-921, Reno, NV 89502 Photo
921 Willow Street, Unit 911-921, Reno, NV 89502 Photo
921 Willow Street, Unit 911-921, Reno, NV 89502 Photo
921 Willow Street, Unit 911-921, Reno, NV 89502 Photo
921 Willow Street, Unit 911-921, Reno, NV 89502 Photo
921 Willow Street, Unit 911-921, Reno, NV 89502 Photo

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921 Willow Street, 911-921
Reno, NV 89502
$1,862,000
| 5549 sqft | 0.29 Acreage

Well priced twelve-unit investment property with a proven track record of generating stable income. There are 4 buildings on site: a 4-plex a 2-plex, and two 3-plexes. Units range from studios to two-bedrooms, and two units have private yards. There is a fully fenced yard area in the center of the property. New roof installed on one 3-plex within the last two years. Close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.6 miles to the University of Nevada, Reno historically keeps vacancy low. All units have been updated in the last 4 years for easy turnovers. Good tenants, generating nearly one hundred and fifty thousand dollars in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Self-managed CAP rate is just over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.

Listed By / Presented By

Listed By

Agency Name: Dickson Realty - Downtown
Agency Phone: 775-324-7000
Agent Name: Jacqueline Lescott
Agent Phone: 775-360-0060

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Presented By

Agent Name: Ron Lane
Agent Phone: 775.354.9255
Agency Title: Chase International Real Estate

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Contact Agent(s) for More Information

Property Details

Property Type: Commercial - Investment
Cooling: Electric, Wall/Window Unit(s)
Fenced: Yes
Heating: Electric, Forced Air, Natural Gas, Wall Furnace
Lot Size: 0.29 Acres
Roof Type: Pitched, Asphalt, Flat, Shingle, Other
Stories: 2.0
Taxes: $4,103
Year Built: 1957
MLS ID: 260005217

Feature Descriptions

Building Features: No Common Area Facilities
Business Name: Louie Properties, LLC
Business Type: Other
Construction Type: Masonry, Site/Stick-Built, Other
Cooling Y/N: Yes
Days on Site: 12
Electric: 220 Volts,110 Volts
Exterior: Attic/Crawl Hatchway(s) Insulated, Batts Insulation
Fencing: Fenced, Front Yard, Wood
Flooring: Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Tile, Wood, Varies
Foundation: Brick/Mortar, Other, Slab
Furnished: Unfurnished
Heating Y/N: Yes
Laundry Features: None
Lot Features: Level
OtherStructures: None
Parcel #: 012-143-51
Parking: Asphalt, Off Street, On Street, Paved
Restrooms: 12
Road Frontage: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Security Features: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: Manual
Units: 12
Utilities: Cellular Coverage, Internet Available, Water Meter Installed, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Water Rights Y/N: No
Window Features: Metal Frames, Single Pane Windows, Vinyl Frames, Blinds, Double Pane Windows, Wood Frames

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