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.
Generous CAP in Carson City on a recently remodeled 4 unit building - 3190, 3192, 3194, and 3196 Woodside Drive. Two units remodeled inside, exterior rehabbed. Three 2/2s, one 3/1.5. Average SF is 1,111/unit, rents are $725 (1), $850 (1), $1250 (2) Easy access to employment centers and a good rental history. Leases and rent-roll on file from professional property manager.
Do Not Disturb Tenants!!! 4 Sep.Units, 4 APNs/ ONE Building. HOA of $259.25 each covers Full Landscaping, Ext. Maintenance, Water, Trash and Snow Removal. Ground floor Unit #32 is 800 sf.; Units #31 & #30 are 880 sf. 2-story, 2 bedrooms, 1 bath upstairs; and unit #29 is 960 sf and is upstairs. ALL units have 2 bedrooms and 1 bathroom plus a one-car garage. Tenants on a month to month lease, #32 tenant, 9 years; #31 tenant, 7 years; #30 tenant, several months; #29 tenant, there 4-5 years. Escrow is open.
GREAT INVESTMENT OPPORTUNITY! Purchase this great duplex at a great price! Each unit on this corner lot has 2bd, 1 ba, and attached 1 car garage with opener and has approx 748 sq ft each. Fully fenced front and backyard on both units. The property is close to shopping, elementary school, and entertainment. The property has a great rental history. Tenants have been great and are long term so rents are below market rate. FHA or VA maybe an option. Please do not disturb the tenants! Thank you.
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 March 6th, 2021 at 2:11am PST.