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$925,000
2312 Wedekind Rd
Reno, NV 89512

14,374.80 SqFt Lot
0.3300 Acres
Land


Status:Active
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: monica. Mccallum@cbselectre. Com broker: coldwell banker select reno
Basics
Property Type:   Land
Lot Size:   14,374.80 SqFt Lot
Lot Acres:   0.3300 Acres
Year Built:   1987
Neighborhood:   Reno-North
MLS#:   180003368
     
Home Features
Ceramic Tile Floor
Dishwasher
Two+ Story
Wall To Wall Carpet
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Listing Agent: Monica Mccallum    Listing Broker: Coldwell Banker Select Reno    Agent Phone: 7758003196    Broker Phone: 7756884800   

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