NV > Reno > Reno Foothills 1
Reno, NV 89503,3601 Gypsum RD
$1,600,000
Est. payment /mo
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5,280 SqFt
New

3601 Gypsum RD Reno, NV 89503

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Shannon Comstock

Shannon Comstock

+1(775) 842-2000

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,280 sqft

Price per Sqft $303

Subdivision Reno Foothills 1

MLS Listing ID 250057305

Year Built 1986

Annual Tax Amount $4,615

Lot Size 10,575 Sqft

Acres 0.24

Lot Dimensions 0.24

Property Sub-Type Multi Family

Property Description

Fully occupied 8-unit multifamily investment near UNR. 3601 Gypsum Rd delivers strong in-place income with immediate upside through below-market rents. Current annual income 106 K with low 23 percent expense ratio and 81K NOI. Attractive seller financing available — 300 K down, 5 percent interest, 30-year amortization, 5-year balloon. Unit mix: (4) 1-bed / 1-bath and (4) 2-bed / 1-bath. Rents average 200-300 dollars below market, creating significant growth potential once updated. Prime North Reno location minutes from UNR, downtown, and I-80. Rare turnkey opportunity offering stability, cash flow, and value-add potential.

Location

State NV

County Washoe

Community Reno Foothills 1

Area Reno Foothills 1

Zoning MF30

Interior

Heating Baseboard

Flooring Vinyl

Laundry In Unit

Exterior

Parking Features On Site, Parking Lot

Utilities Available Natural Gas Connected, Water Connected, Water Meter Installed

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot, Sloped Up

Story 2

Foundation Slab

Water Public

Structure Type Frame,Stucco,Wood Siding

Others

Tax ID 003-234-14

Acceptable Financing Owner May Carry

Listing Terms Owner May Carry

Listed by Harcourts Vanguard

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Shannon Comstock

Shannon Comstock

Realtor® | S.175542

+1(775) 842-2000

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3601 Gypsum RD