
Price:
$1,600,000
MLS #:
250057305
Lot Size:
0.24 Acres - 10,575 Sq Ft
Yr. Built:
1986
Type:
Commercial
Multi Family
Tax/APN #:
003-234-14
Taxes/Yr.:
$4,616
Subdivision:
Reno Foothills 1
Address:
3601 Gypsum Road 5050 Vista Blvd. Suite 104
Reno, NV 89503
Fully occupied 8-unit multifamily investment near UNR. 3601 Gypsum Rd delivers strong in-place income with immediate upside through below-market rents. Current annual income 106 K with low 23 percent expense ratio and 81K NOI. Attractive seller financing available — 300 K down, 5 percent interest, 30-year amortization, 5-year balloon. Unit mix: (4) 1-bed / 1-bath and (4) 2-bed / 1-bath. Rents average 200-300 dollars below market, creating significant growth potential once updated. Prime North Reno location minutes from UNR, downtown, and I-80. Rare turnkey opportunity offering stability, cash flow, and value-add potential.
Listing offered by:
Maribel Garcia - License# S.190007 with Harcourts Vanguard - 775-453-4044.
Map of Location:
Data Source:
Listing data provided courtesy of: Northern Nevada Regional MLS (Data last refreshed: 11/01/25 7:37pm)
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Notice & Disclaimer: All listing data provided at this website (including IDX data and property information) is provided exclusively 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. All information is deemed reliable but is not guaranteed to be accurate. All measurements (including square footage) should be independently verified by the buyer.
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