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415-427 N Taylor St

6 Unit Block of Flats £919,218 (£153,203/Unit) 4.33% Net Initial Yield Fallon, NV 89406

Executive Summary

Great investment. Zero vacancy rate. New roof in 2016. Will entertain all offers. Make your best.

Financial Summary (Actual - 2020)

Annual Annual Per SF
Gross Rental Income £53,660 £8.97
Other Income - -
Vacancy Loss - -
Effective Gross Income £53,660 £8.97
Taxes £2,449 £0.41
Operating Expenses £17,978 £3.01
Total Expenses £20,427 £3.42
Net Operating Income £33,233 £5.56

Financial Summary (Actual - 2020)

Gross Rental Income
Annual £53,660
Annual Per SF £8.97
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £53,660
Annual Per SF £8.97
Taxes
Annual £2,449
Annual Per SF £0.41
Operating Expenses
Annual £17,978
Annual Per SF £3.01
Total Expenses
Annual £20,427
Annual Per SF £3.42
Net Operating Income
Annual £33,233
Annual Per SF £5.56

Property Facts

Price £919,218
Price Per Unit £153,203
Sale Type Investment
Net Initial Yield 4.33%
Sale Conditions 1031 Exchange
No. Units 6
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.33 AC
Building Size 5,980 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1987
Parking Ratio 0.33/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 2 - -
3+2 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-024-18
Land Assessment
£17,905 (2024)
Improvements Assessment
£100,100 (2024)
Total Assessment
£118,005 (2024)
Annual Taxes
£2,449 (£0.41/sf)
Tax Year
2020

zoning

Zoning Code RC
RC
  • Listing ID: 22514813

  • Date on Market: 19/03/2021

  • Last Updated:

  • Address: 415-427 N Taylor St, Fallon, NV 89406

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