for sale value add property - loopnet...1225 glenda way | reno, nv 89509 siple at 6.5% cap rate for...

1225 GLENDA WAY | RENO, NV 89509SIXPLEX AT 6.5% CAP RATE

FOR SALE VALUE ADD PROPERTY

• APN: 019-331-09• Units: 6• 2,732 ± Square Feet• Lot Size: 0.283 Acres• Zoning: Multi-family 30 units per acre (MF30)• Property type: Multiple Res (Low Rise)• Stories: 1• Year built: 1950

PROPERTY OVERVIEW

$599,000

REED SIMMONS, CCIM775.332.7310reed.simmons@avisonyoung.com

BRAM BUCKLEY, CCIM775.332.7307bram.buckley@avisonyoung.com

For additional information, please contact:

1225 GLENDA WAY | RENO, NV 89509SIXPLEX AT 6.5% CAP RATE

FOR SALE VALUE ADD PROPERTY

SITE

GLENDA WAY

BERRUM LANE

MOANA LANE

LAK

ESID

E D

RIV

E

PLU

MA

S ST

REET

Current Financials Gross income $49,803

Expenses $11,121

NOI $38,682

Rent Roll

Unit # Br/Bth Lease Start Lease End Rent Deposit

1 1/1 5/11/17 Month-to-Month $725 $465

2 1/1 8/1/17 Month-to-Month $615 $595

3 1/1 5/1/17 Month-to-Month $870 $1,250

4 1/1 8/11/16 Month-to-Month $650 $650

5 1/1 5/31/17 Month-to-Month $650 $495

6 1/1 1/1/18 12/31/18 $725 $725

DBA Avison Young Western Alliance Commercial Inc. | Independently Owned and Operated6151 Lakeside Drive, Suite 1000 | Reno, NV 89511avisonyoung.com

The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.

1225 GLENDA WAY | RENO, NV 89509SIXPLEX AT 6.5% CAP RATE

FOR SALE VALUE ADD PROPERTY

DBA Avison Young Western Alliance Commercial Inc. | Independently Owned and Operated6151 Lakeside Drive, Suite 1000 | Reno, NV 89511avisonyoung.com

The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.