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747 Willow Street, Unit 1-11, Reno, NV 89502 Photo
747 Willow Street, Unit 1-11, Reno, NV 89502 Photo
747 Willow Street, Unit 1-11, Reno, NV 89502 Photo
747 Willow Street, Unit 1-11, Reno, NV 89502 Photo

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747 Willow Street, 1-11
Reno, NV 89502
$1,350,000
| 3822 sqft | 0.18 Acreage

Well priced nine-unit investment property with a proven track record of generating stable income. There are 3 buildings on site: a 5-plex and 2 duplexes. New roofs installed on 5plex and one duplex within the last two years. The close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.5 miles to the University of Nevada, Reno historically keeps vacancy low. All units have been updated in the last 4 years for easy turnovers. Good tenants, generating over one hundred six thousand dollars in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Self-managed CAP rate is over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.

Listed By / Presented By

Listed By

Agency Name: Dickson Realty - Downtown
Agency Phone: 775-324-7000
Agent Name: Jacqueline Lescott
Agent Phone: 775-360-0060

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Presented By

Agent Name: Jannine Koewler Merkt
Agent Phone: 775.399.3134
Agency Title: Chase International Real Estate

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Property Details

Property Type: Commercial - Investment
Cooling: Electric, Wall/Window Unit(s)
Fenced: Yes
Heating: Natural Gas, Wall Furnace
Lot Size: 0.18 Acres
Roof Type: Pitched, Asphalt, Shingle
Stories: 2.0
Taxes: $2,562
Year Built: 1931
MLS ID: 260005220

Feature Descriptions

Building Features: No Common Area Facilities
Business Name: Louie Properties, LLC
Business Type: Other
Construction Type: Masonry, Site/Stick-Built, Other
Cooling Y/N: Yes
Electric: 220 Volts,110 Volts
Exterior: Other, Stucco, Unknown, Wood Siding
Fencing: Fenced, Front Yard, Partial, Wood, Vinyl
Flooring: Carpet, Ceramic Tile, Laminate, Luxury Vinyl, Varies
Foundation: Brick/Mortar, Other
Furnished: Unfurnished
Heating Y/N: Yes
Laundry Features: None
Lot Features: Level
OtherStructures: None
Parcel #: 012-141-17
Parking: On Street
Restrooms: 9
Road Frontage: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Security Features: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: None
Units: 9
Utilities: Cellular Coverage, Internet Available, Water Meter Installed, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Water: Public
Water Rights Y/N: No
Window Features: Metal Frames, Vinyl Frames, Blinds, Double Pane Windows

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