Updated over 10 years ago on .
71 Units - Carson City, Nevada - $3,999,000 - 6.5% Cap Rate
I'm selling a large multifamily apartment complex in the rapidly-growing Carson City area. $260,000 Net Operating Income. 65 Studios, 6 1-Bedrooms. On-Site Manager and historically high occupancy of near 100%!
Reno/Sparks/Carson City is quickly seeing a tremendous acceleration of growth after the recent announcement of the Tesla Gigafactory development, along with numerous other warehousing and manufacturing deals in the works, including Amazon and Apple. This area will be completely different within 5 years. Current average vacancy rate in Reno/Sparks and Carson City: 3%!
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