1101 E Taylor St
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1101 E Taylor St
6 Unit Apartment Building $1,900,000 ($316,667/Unit) 4.52% Cap Rate Reno, NV 89502
Investment Highlights
- Prime Location: Located near Midtown Reno and Renown Hospital, this property offers convenient access to major amenities, making it highly attractive
- Stable Income: With a gross annual income of $111,744, this property provides a reliable return, making it a sound investment
- Affordable Price Per SQFT: At just $399 per square foot, this property represents a competitive price point in the Reno market
- Turn-Key Condition: The units are ready for immediate occupancy, perfect for investors not interested in the hassle of renovations
- Exchange Potential: This listing is particularly ideal for investors considering a 1031 exchange
Executive Summary
**PROPERTY LSISITNG PAGE LINK BELOW** This link provides cash flow analysis detail. Charming Turn-Key Multifamily Investment Near Midtown Reno and Renown Hospital
Welcome to an excellent investment opportunity in the heart of Reno! This active listing features a well-maintained, turn-key multifamily property with six spacious 2 bed/1 bath units, ideal for investors looking for hassle-free ownership. Built in 1962, this property boasts a total of 4,760 square feet, with a solid gross annual income of $111,744.
This multifamily property is a rare find in the sought-after Reno market, offering a blend of stability and convenience. For a comprehensive marketing package and detailed investment summary, please contact us. Don’t miss out on this fantastic opportunity to add a solid asset to your real estate portfolio.
Welcome to an excellent investment opportunity in the heart of Reno! This active listing features a well-maintained, turn-key multifamily property with six spacious 2 bed/1 bath units, ideal for investors looking for hassle-free ownership. Built in 1962, this property boasts a total of 4,760 square feet, with a solid gross annual income of $111,744.
This multifamily property is a rare find in the sought-after Reno market, offering a blend of stability and convenience. For a comprehensive marketing package and detailed investment summary, please contact us. Don’t miss out on this fantastic opportunity to add a solid asset to your real estate portfolio.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,900,000 | Building Class | C |
| Price Per Unit | $316,667 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,760 SF |
| Cap Rate | 4.52% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,900,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2020 |
| Parking Ratio | 2.1/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
Site Amenities
- Picnic Area
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,600 | 793 |
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Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 013-141-17 | Total Assessment | $123,414 (2024) |
| Land Assessment | $71,750 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $51,664 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
013-141-17
Land Assessment
$71,750 (2024)
Improvements Assessment
$51,664 (2024)
Total Assessment
$123,414 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | MF14 |
| MF14 |
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Trevor Richardson -
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1101 E Taylor St
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