1050 W 2nd St
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1050 W 2nd St
5 Unit Block of Flats £987,512 (£197,502/Unit) 5.41% Net Initial Yield Reno, NV 89503
Executive Summary
Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential.
Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don’t miss out on this opportunity to invest in a promising property with strong rental potential!
Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don’t miss out on this opportunity to invest in a promising property with strong rental potential!
Property Facts
| Price | £987,512 | Property Subtype | Apartment |
| Price Per Unit | £197,502 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Net Initial Yield | 5.41% | Building Size | 4,998 SF |
| No. Units | 5 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1932 |
| Price | £987,512 |
| Price Per Unit | £197,502 |
| Sale Type | Investment |
| Net Initial Yield | 5.41% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,998 SF |
| Number of Floors | 3 |
| Year Built | 1932 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | £1,067 | 833 |
| 2+1 | 1 | £1,343 | 1,432 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 010-046-34 | Improvements Assessment | £35,371 |
| Land Assessment | £44,184 | Total Assessment | £79,555 |
PROPERTY TAXES
Parcel Number
010-046-34
Land Assessment
£44,184
Improvements Assessment
£35,371
Total Assessment
£79,555
zoning
| Zoning Code | CC (GC) |
| CC (GC) |
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1050 W 2nd St
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