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1446 Model Way
1446 Model Way
1446 Model Way
1446 Model Way
1446 Model Way
1446 Model Way
1446 Model Way
1446 Model Way
1446 Model Way
1446 Model Way
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$1,025,000

1446 Model Way

5,640 Sq.Ft.

Description

Profitable and well cared for 7-plex in a desirable Reno location! All units were totally updated around 2004 including kitchens, bathrooms, and tile floors. The apartment building contains 6 - 2 bedroom / 1 bath units with lots of storage space and a coin-operated laundromat common area. The home on the property is a 3 bedroom, 2 bathroom and was also completed updated around 2004. The oversized 2-car garage is a divided space and is separately rented for additional income., Gross scheduled income is approximately $74,600 and recurring annual expenses (insurance, taxes, and owner paid utilities) are approximately $20,265.

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Location

1446 Model Way, Reno, NV 89502

Status

Sold
Cole Mizak

Cole Mizak

TITLE

Founder | Team Lead | Luxury Real Estate Agent

Property Amenities

Interior
Laundry room In Unit
Flooring Carpet, Ceramic Tile
Area & Lot
Lot Area 0.33 Acres
Living area 5,640 Sq.Ft.
MLS® ID 230006120
Year Built 1944
Type Commercial
Status Sold
Exterior
Stories 2
Heat type Forced Air, Natural Gas
Water Source Public
Security Features Smoke Detector(s)
Sewer Public Sewer
Roof Composition, Flat, Membrane, Pitched, Shingle
Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
Finance
Sales Price $1,025,000
Real Estate Tax $3,313 yearly

Work With Cole

Cole’s mission is to elevate the real estate experience for his clients. He is a long-time Lake Tahoe local and luxury home expert who has developed innovative strategies to provide his clients with an unmatched, bespoke level of service, attention, and support.