Great investment opportunity with this Fernley apartment complex. Featuring 3 buildings on one parcel, with 10 units. There are 8, 2 bed 1 bath units, 1 studio unit and 1 3 bed 2.5 bath unit. There is opportunity to permit a 11th unit, or rent out a commercial office space. Property includes 12+ parking spaces for tenants. Walking distance to Main Street in Fernley. 5 of the 10 units have been remodeled within the past 2 years. New exterior paint 14 months ago. Currently rented at a 5.6% cap.
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Listing information last updated on May 30th, 2020 at 12:11am CDT.