2308 Wedekind Rd, Reno, NV 89512
- $1,150,000
- 3,456
- SqFt
- List Price
- $1,150,000
Property Description
Turnkey 6-unit apartment building with an in place 5.35 cap rate. No renovations needed, simply raise rents to an already proven market rate to achieve a 6.8 proforma cap rate. 1987 Construction. New roof in 2022 and fresh exterior paint in 2023 courtesy of the previous owner. Three new mini-split heating / cooling units, a new 50 year deck, security camera system, and almost all appliances have been replaced since the current owner facilitated extensive renovations in 2024 and 2025. All apartments have in-unit washer & dryer hookups. Ample tenant parking with 10 spaces. Units are individually metered for gas & electricity. Owner pays water, sewer, and trash. APOD and Rent Roll available upon request.
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Data last updated on 06/28/2017.
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