210 First St, Fernley, NV
Multi-family for Sale - $1,390,000 - 8,432 Sq. Ft. on 0.51 acres
Property Info
| CIMLS# | 1031194 |
| Location 210 First St Fernley NV 89408 | |
| Updated | November 9th, 2018 |
| Type | Multi-family |
| Price | $1,390,000 |
| Building | 8,432 Sq. Ft. |
| Land | 0.51 acres |
Property Description
Prime investment opportunity in Fernley, one of Nevada's fastest growing areas only 18 miles from the Tesla Giga-Factory and USA Parkway. Current rental amounts are considered low for the area and can be raised to reflect current market rates. 10 Units, 9-two bedroom one bath(884sq ft each), 1-one bedroom one bath with an on site Laundry Room on half an Acre,see attached documents for list of expenses and CAP rate. 3 Well Lit Buildings with a total of 8432 sq. ft. and a Covered Parking Structure with 10 Storage Units Fully Fenced and Landscaped with New Exterior Paint.
Financials
Rental Income $95760.00
Other Income $900.00
Vacancy Rate $1915.00
Taxes $7105.00
Property Ins. $4100.00
Repairs and Maint. $1894.90
Utilities $4824.00
Total Operating Expenses $17,923.90
Net Operating Income Annual $76,820.90