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Jean Merkelbach

[email protected] +1(775) 901-0704

$ 3,175,000

Est. payment -/mo

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420 Lee Carson City, NV 89706

11,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,200 sqft

Price per Sqft $283

Subdivision Krenzer Addition

MLS Listing ID 240006079

Year Built 1964

Annual Tax Amount $4,775

Lot Size 0.470 Acres

Acres 0.47

Lot Dimensions 0.47

Property Sub-Type Multi Family

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

Community Krenzer Addition

Area Krenzer Addition

Zoning MFA

Direction N Stewart

Interior

Flooring Varies

Laundry None

Exterior

Parking Features Alley Access

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

Roof Type Composition,Shingle

Garage No

Building

Story 2

Foundation None

Water Public

Structure Type Frame,Wood Siding

Others

Tax ID 00211102

Listed by Engel & Volkers Lake Tahoe

Jean Merkelbach

Private Office Advisor & License Partner | License ID: NV B.0012934 | CA 01129301

+1(775) 901-0704

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