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$3,675,000
Est. payment /mo
2 Beds
1 Bath
11,200 SqFt
UPDATED:
11/29/2024 06:12 AM
Key Details
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Square Footage 11,200 sqft
Price per Sqft $328
Subdivision Nv
MLS Listing ID 240006079
Bedrooms 2
Year Built 1964
Lot Size 0.470 Acres
Acres 0.47
Property Description
Discover the extraordinary investment opportunity at 420 Lee St in Carson City. This partially renovated 16-unit apartment complex is a testament to modern living, offering an ensemble of spacious 2-bedroom, 1-bathroom units, each generously sized at approximately 700 square feet. With full occupancy and nestled within the thriving Carson City rental market. Renovated Excellence: Units within 420 Lee Street have undergone renovations, ensuring that residents enjoy an updated living space. These renovations not only enhance the property's visual appeal but also potentially reduce ongoing maintenance concerns, making it a hassle-free investment. Generous Living Spaces: Each unit features two well-proportioned bedrooms and a tastefully appointed bathroom, providing residents with ample room to live and relax. The 700-square-foot floor plan combines functionality with style, creating a welcoming environment. Full Occupancy: Presently, the property is fully occupied, showcasing its strong appeal to tenants and providing a reliable, consistent income stream. Central Location: 420 Lee Street enjoys a central location, providing easy access to Carson City's essential amenities, dining establishments, and shopping centers. The property's proximity to these conveniences is a significant advantage for potential tenants. Lake Tahoe Proximity: For those seeking recreation and leisure, Lake Tahoe is just a scenic 40-minute drive away. This proximity to a world-renowned destination adds to the property's allure, potentially attracting tenants seeking a balance between urban living and outdoor adventure. Strong Rental Market: Carson City boasts a robust rental market, making it an attractive location for property investment. The property's modern renovations, central location, and 2-bedroom units position it favorably in this thriving market. Ample Parking: The property offers 20 parking spots, a valuable amenity that enhances tenant convenience and attracts potential renters. Disclaimer: All information provided is deemed reliable but not guaranteed. Prospective buyers and investors are encouraged to conduct their own due diligence and verify all details independently. Don't miss this golden opportunity to own a turnkey investment property in Carson City's strong rental market. With its full occupancy, modern renovations, central location, and proximity to Lake Tahoe, 420 Lee Street represents an excellent choice for investors aiming to add a Nevada property to their portfolio.
Location
State NV
County Carson City
Zoning MFA
Interior
Heating Varies by Unit
Cooling Varies by Unit
Flooring Varies by Unit
Appliance Varies Per Unit
Laundry None
Exterior
Exterior Feature Wood Siding
Fence Partial
Utilities Available City/County Water, City Sewer, Electricity, Natural Gas
Roof Type Composition/Shingle
Total Parking Spaces 20
Building
Story 2 Story
Foundation None
Water Varies by Unit
Level or Stories 2 Story
Structure Type Wood Frame
Others
Tax ID 00211102
SqFt Source 11200
Special Listing Condition None
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Listed by Engel & Volkers Lake Tahoe