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1335 Cornell Ave

Lovelock, NV 89419
  • $550,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 220004709
UPDATED: 38 min ago
$550,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,184
    SQFT
  • $252
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Description

$30K Estimated Cashflow. 5.43% CAP Rate. Two 2 Br/1 Ba units, two 1 Br/1 Ba units. Originally built as the 7 unit Sage Motel in 1949. Converted to apartments in 2005 and operated as apartments from then until 2016. Extensively renovated in 2018-2019. Renovations included: New roof, new plumbing, new electric, new doors, new Low E double-pane windows, new appliances, new water heaters, new flooring, new paint, and the list goes on. Beautiful units with positive cash flow. Owner carry with large down.

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© 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-05-17T15:19:57.073.
www.vaulethomes.com/homes/127674908
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1335 Cornell Ave Lovelock, NV 89419

  • Price: $550,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 38 min ago
  • MLS #: 220004709
0
Beds
0
Baths
0
½ Baths
0.22
Acres
2,184
SQFT
$252
$/SQFT
1949
Built
Neighborhood:
Lovelock (Pershing Co)
County:
Pershing
Area:
Lovelock (Pershing Co)
Property Description
$30K Estimated Cashflow. 5.43% CAP Rate. Two 2 Br/1 Ba units, two 1 Br/1 Ba units. Originally built as the 7 unit Sage Motel in 1949. Converted to apartments in 2005 and operated as apartments from then until 2016. Extensively renovated in 2018-2019. Renovations included: New roof, new plumbing, new electric, new doors, new Low E double-pane windows, new appliances, new water heaters, new flooring, new paint, and the list goes on. Beautiful units with positive cash flow. Owner carry with large down.
Exterior Features

Construction Wood Frame Exterior BrickVinyl Siding Fenced None Foundation Concrete Slab Landscaped None Parking Capacity 11 Parking Types Designated Parking Roof Composition/ShinglePitched Sprinklers None

Interior Features

1 Bedroom Baths 1 1 Bedroom Sq Ft 546 2 Bedroom Baths 1 2 Bedroom Sq Ft 546 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances Oven/RangeRefrigerator Flooring CarpetSheet Vinyl Heating Cooling Natural GasWall Heater Laundry Common Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 1 Story Studio Baths 0 Studio Sq Ft 0 Unit Features Blinds/ShadesSmoke DetectorVaries Per Unit Water Heater Natural Gas Windows Double Pane

Property Features

1 Bedroom Avg Rent Per Unit 650 1 Bedroom Units 2 2 Bedroom Avg Rent Per Unit 850 2 Bedroom Units 2 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Debt Service 0 Annual Expenses 10917.03 Annual Income And Expenses Pro Forma Annual Vacancy 0 Apod Available Yes Common Features None Documents On File Financial StatementsRental/Leases Facility Features Landlord Pays UtilitiesMaster Meter-WaterSeparate Heating/CoolingSeparate Meters-ElectricSeparate Water HeatersSeparated Meters-GasTenant Pays Utilities Green Feature Double Pane Windows Green Features None Gross Scheduled Income 40800 Multifamily Type DuplexTriplex4-Plex Net Operating Income 29882.97 Owners May Sell CashConventionalExchange 1031Owner Carry 1st Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities CableCity/County WaterCity SewerElectricityNatural GasTelephoneWater Meter InstalledInternet AvailableCellular Coverage Avail Zoning Actual C

© 2022 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Re/Max Gold.

© 2022 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-05-17T15:19:57.073.
 
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5905 S. Virginia St. Suite 300
Reno NV, 89502