960 Mark Ave | Fallon, NV 89406
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960 Mark Ave
Fallon, NV 89406
Multifamily Property For Sale · 4 Units
Investment Highlights
- Fully Occupied Asset
- Strategic location with growth potential
- Recent Renovation
Executive Summary
This 4-plex investment opportunity is situated in the growing city of Fallon, Nevada. The property features four (4) units on Mark Avenue, providing a mix of three-bedroom and one-bedroom layouts to cater to diverse tenant needs. Built in 1987 and full renovated in 2021, the building offers updated living spaces while maintaining full occupancy. Its location near the Naval Air Station Fallon, local amenities, and schools enhances its appeal to potential tenants.
The anticipated Amazon Distribution Center development in Fallon presents potential for continued economic growth in the area, which may positively impact property values and rental demand. This +/- 3,444 SF multifamily property represents an opportunity for investors seeking a stabilized asset in a market poised for growth.
The anticipated Amazon Distribution Center development in Fallon presents potential for continued economic growth in the area, which may positively impact property values and rental demand. This +/- 3,444 SF multifamily property represents an opportunity for investors seeking a stabilized asset in a market poised for growth.
PROPERTY FACTS
| Price Per Unit | $193,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.53% | Building Size | 3,444 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1987/2021 |
| Apartment Style | Low Rise |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,444 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1987/2021 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,025 | 650 |
| 3+1 | 2 | $1,200 | 1,072 |
PROPERTY TAXES
| Parcel Number | 001-494-24 | Improvements Assessment | $58,193 |
| Land Assessment | $19,950 | Total Assessment | $78,143 |
PROPERTY TAXES
Parcel Number
001-494-24
Land Assessment
$19,950
Improvements Assessment
$58,193
Total Assessment
$78,143
zoning
| Zoning Code | R2 (A residential district intended to accommodate moderate density, suburban residential uses and a limited number of commercial and institutional uses) |
| R2 (A residential district intended to accommodate moderate density, suburban residential uses and a limited number of commercial and institutional uses) |
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