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601/602 Timothy Way Fallon, NV 89406
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Key Details
Sold Price $3,050,000
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 18,894 sqft
Price per Sqft $161
MLS Listing ID 210007601
Sold Date 12/16/21
Bedrooms 10
Year Built 1990
Lot Size 0.820 Acres
Acres 0.82
Property Description
The Linda Vista Apartments in Fallon are being offered for sale. The two - 8 unit buildings are comprised of four - 2 bedroom and four - 3 bedroom units each. Included are 16 single car garages. The apartments have been well maintained and professionally managed by Wallace Realty in Fallon. They are located in near North Fallon in a beautiful neighborhood. The mature landscaping is very inviting to the tenants and their guests. There have been no vacancies through COVID and all rents are current. The 2020 net operating Income (NOI) reflects a 4.5 CAP rate. No rents have been raised in the last 17 months.
Location
State NV
County Churchill
Area Fallon City-Nw
Zoning C1
Interior
Heating Central Refrig A/C, Natural Gas
Cooling Central Refrig A/C, Natural Gas
Flooring Carpet, Sheet Vinyl
Appliance Dishwasher, Disposal, Oven/Range, Refrigerator
Laundry Hall
Exterior
Exterior Feature Rock, Stucco
Fence Back
Utilities Available Cable, City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Water Meter Installed, Internet Available, Cellular Coverage Avail
Roof Type Pitched,Tile,Wood/Shake
Total Parking Spaces 32
Building
Story 2 Story
Foundation Concrete/Crawl Space
Water Natural Gas
Level or Stories 2 Story
Structure Type Wood Frame
Schools
Elementary Schools E.C. Best
Middle Schools Churchill
High Schools Churchill
Others
Tax ID 0010360200103525
SqFt Source 18894
Special Listing Condition None
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