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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 Realtor®

Property Amenities

Interior
Laundry room Separate
Appliances Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Varies Per Unit
Flooring Ceramic Tile, Carpet
Area & Lot
Lot Area 0.33 Acres
Living area 5,640 Sq.Ft.
MLS® ID 230006120
Year Built 1944
Type Multi-Family
Status Sold
Exterior
Air conditioning Natural Gas, Forced Air
Heat type Natural Gas, Forced Air
Security Features None
Other Exterior Features Wood Siding
Parking Garage, Common
Roof Composition/Shingle, Flat, Membrane, Pitched
Utilities City/County Water, City Sewer, map to 20, Electricity, Natural Gas
Finance
Sales Price $1,025,000

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.