Description
Virbel Lane apartments represents a great opportunity to acquire multifamily in Reno. This 5 unit complex consists of One (1) Single family home that is a 3bd/2bth/2 car garage remodeled 1691 Square foot home, property also has another detached single family home comprised 2bd/2bth/2 car garage remodeled, 1030 Sq. Ft. built in 1992. In the back of the property you have triplex with One (1) 2bd/2bth remodeled, 784 sq. ft. apartment, One (1) 3bd/2bth, 1000 sq. ft. apartment, this one has new flooring and a/c added. One (1) 4bd/2bth. apartment. This is the only unit that was not updated. Tenants been in unit for 12+ plus years. Pictures were taken before tenants moved in. Pictures are of unit A and B of the triplex and 1008. A cap rate of 5.59%.