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468 CAPITOL HILL AVE
RENO, NV 89502
Asking Price
$880K
Asset Type
Multifamily
Class
Class B
What's Special
Investment/Owner Occupant 4-Plex in Wells Submarket <p>The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers three 1 bed 1 bath units and one 3 bed 1 bath units with the potential to add additional units in the future. Units have been renovated to more modern
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NOI
$80,000
Cap Rate
9.09%
DSCR
1.53
Strong
Cash-on-Cash
10.51%
Monthly Payment
$4,353.76
Annual Cash Flow
$27,754.882
