519 Elko AVE Avenue Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89512
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250004448
Year Built 1915
Annual Tax Amount $1,792
Lot Size 7,492 Sqft
Acres 0.17
Lot Dimensions 0.17
Property Sub-Type Multi Family
Property Description
Prime investment opportunity in Reno's thriving and growing downtown area at 519 Elko Ave, offering excellent rental income potential. This 5 unit multifamily has been fully renovated in 2021 with up to date appliances and amenities. In a growing urban location, making it an ideal choice for both buyers, investors and renters. The property includes two duplexes, each with 2-bedroom, 1-bathroom units, along with separate 1-bedroom, 1-bathroom units. Cap rate is 5.89%, Located in the heart of Reno, walking distance to University of Nevada Reno, and minutes away from the main highway. A great location for just about anyone! Nearby stores, outlets, and schools. It does not get any better than this! Perfect for any student trying to stay close to campus and still be minutes away from the university.
Location
State NV
County Washoe
Zoning MD-ID
Direction E 6th
Interior
Heating Natural Gas,Radiant Ceiling
Cooling Evaporative Cooling
Flooring Laminate
Laundry Common Area,Varies By Unit
Exterior
Utilities Available Electricity Available,Internet Available,Natural Gas Available,Sewer Available,Water Available,Cellular Coverage
View Y/N No
Roof Type Pitched
Building
Lot Description Landscaped,Other
Story 2
Foundation Crawl Space
Water Public
Structure Type Frame,Vinyl Siding,Masonry Veneer
Others
Tax ID 00853105
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional