$ 650,000
apartment complex
reno
wrap possible
very low down
nets $ 45,000

Nice. How many units are there? What year was this built? Is this in a condo-area? Is it a condo conversion opportunity?

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Stocks + Mutual Funds Online Information

I am interested in this property as well. Please provide us with some more information. Thanks!

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Metternich

75 High St Reno, NV 89502

The architecture is motel style
Cross street is 2nd St.

This property is located downtown in an upscaling area.

Attached or also available are:
Pictures
The profit and loss
Rent Rolls for June 2007.
Zoning mixed use downtown regional center
12-111-21 Motelhttp://www.co.washoe.nv.us/assessor/cama/quickinfoform.php~ParcelID=012-111-21&CardNumber=1
map
Online Map Warehouse

All units are studio's with a full bath
All units are small.
The building is on a concrete pad, with brick walls and a flat roof.
All utilities are gross metered.
The roof will need replacing within 5 years.
Seller can carry a lot, or possibly all inclusive trust deed.
Easy to operate,
Manager on site.
Good for absentee landlord.
Low/no maintenance
Off street parking
Rents at pre 2001 levels.
High occupancy

Bruce 510 501 9026

my bank for all your real estate loan needs www.MCA.web-loans.com

How many units are there?
What is the current cap rate?
What types of tenants are there?

Thanks!!!

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Metternich

12 units
7% cap
retirees, average tenancy is 24 months.