About 650 Elko Avenue
Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry., Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!
Features of 650 Elko Avenue
| MLS® # | 250005215 |
|---|---|
| Price | $799,000 |
| Bathrooms | 0.00 |
| Acres | 0.17 |
| Year Built | 1992 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 650 Elko Avenue |
|---|---|
| Area | 89512 |
| City | Reno |
| County | Washoe |
| State | NV |
| Zip Code | 89512 |
Amenities
| Utilities | Internet Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Parking Spaces | 6 |
| Has Pool | No |
Interior
| Appliances | Dryer, Disposal, Gas Range, Refrigerator, Washer, Oven |
|---|---|
| Heating | Forced Air, Natural Gas |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Landscaped |
|---|---|
| Windows | Vinyl Frames, Blinds, Double Pane Windows, Low-Emissivity Windows |
| Roof | Composition, Shingle |
| Construction | Frame, Wood Siding |
| Foundation | Crawl Space |
School Information
| Elementary | Booth |
|---|---|
| Middle | Vaughn |
| High | Wooster |
Additional Information
| Date Listed | April 22nd, 2025 |
|---|---|
| Zoning | Md-Id |
| Short Sale | No |
| RE / Bank Owned | No |
| Horse Property | N |
Listing Details
| Office | RE/MAX Gold |
|---|