NV > Reno > Reno Foothills 1
Reno, NV 89503,3601 Gypsum RD
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Wed
5
Nov
Thu
6
Nov
Fri
7
Nov
Kristi Ghent

Kristi Ghent

+1(916) 759-1084
$1,600,000
Est. payment /mo
5,280 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family, 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

Read Less Info
Listed by Harcourts Vanguard
Kristi Ghent

"We are always here to help, we take great pride in providing expert guidance and advice!"

+1(916) 759-1084

kristi@ghentteam.com

Request More Information

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Mountain Advisors, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

We're Available!

3601 Gypsum RD