Active
420 Lee
Carson City NV, 89706
$3,675,000
$328.13 per sqft
Active
1 Bath
11,200 sqft
Multi-family
Built in 1964
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.
240006079
MLSⓇ ID
May 21, 2024
Listed
August 23, 2024
Updated
Map
420 Lee
Carson City NV, 89706
Interior Features
Total Bathrooms
1
Appliances
Varies Per Unit
Laundry Description
None
Floor Description
Varies by Unit
Fireplace
No
Cooling
Yes
Cooling Description
Varies by Unit
Heating
Yes
Heating Description
Varies by Unit
Exterior/Building Features
Lot Size
0.47 Acres
Exterior Features
Wood Siding
Roof
Composition/Shingle
Other Property Details
Days on Market
71
Association Fee
Not Listed
Garage
No
Parking
Common
Parking Total
20
View
No
County
Carson City
Municipality
Yes
Pool
No
Zoning
MFA
Listing History
Date | Event | Price |
---|---|---|
7/26/2024 | Price change | $3,675,000 -2% |
Courtesy of Engel & Volkers Lake Tahoe, Jean Merkelbach
The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
©2024 Northern Nevada Regional MLS. All rights reserved.
Data last updated 2:14 PM UTC, 8/23/2024