Homes for sale - 519 Elko AVE Avenue, Reno, NV 89512

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Ron Benning

ronbenning@yahoo.com +1(916) 730-3846

$ 858,750

Est. payment | -/mo

2,856 SqFt

Save

$ 858,750

Est. payment | -/mo

Save

2,856 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $300

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 008-531-05

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Reno Real Estate

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(916) 730-3846

ronbenning@yahoo.com

Sacramento, 95825

Learn More About LPT Realty