Spacious 6-plex located in Fernley with 6 single level brick apartments with private patios. Each apartment is 877 sq ft with 2 bed, 1 bath, backyard and 2 parking spaces. The building is set back off the street with mature landscaping and trees. Walking distance to the shops, restaurants, cafes and quick access to highways. The property is turn key As-Is and has the potential for some value add. All units are rented with month-to-month leases. Estimated market rents for the 6-plex is $8,100 per month The pro-forma estimated CAP rate is 5.63%.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
