This page displays all multi family real estate listings in Carson City, NV and is updated every 15 minutes with new/changed listings directly from the REALTOR MLS. A multifamily income property could be a duplex, triplex, or fourplex or larger and would typically be used as a real estate investment property.
Charming 4-plex on the west-side of Carson City within walking distance of Government Buildings. Each unit consists of an open plan kitchen and living room, 2 bedrooms and a bathroom. 2 units are at ground level and 2 units are upstairs with front and back balconies. This property has updated electrical panels. Close to shops, restaurants and parks. Pro-forma CAP 6.2%.
Understand Financing Options If you are getting a loan for the investment property purchase, you definitely need to speak to a lender before getting started. If the property is less than four units, then it can be financed with a residential loan which will have lower interest rates and cost compared to a commercial loan. An apartment building with five or more units must use commercial financing which will require a more complete financial evaluation of the investment property and the prospective buyer. Down payment requirements for investment real estate are usually higher than owner occupied property loans as well.
Define Your Investment Objective - Stick To It! Know in advance how much cash flow you will need to justify a purchase price. This is usually determined by a property's cap rate (capitalization rate). The cap rate will vary widely based on the age of the property, occupancy rates, and, of course,the price.
Carefully Review Rental History and Leases Include a thorough review of the existing leases and tenant payment history as part of your due diligence. Be sure to compare the current lease rates to market rates so you know if there is upside potential as you increase the rents slowly over time.
The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than CalNeva Realty are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Listing information last updated on April 9th, 2020 at 5:26am PDT.