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Listed price in listed location currency (USD).
$590,000

0100

MLS® 3628105

Overview

Key Facts

Type 
Levels Commercial Sale
Size 13672 sqft
Garage 
Taxes $6,270
Days Active 71
Lot Size 0 Acres
Approx. Age 1972
Avg. Price Per Sqft $43
MLS® Number 3628105

Property Address: 340 6th St, Elko, NV, 89801-3712

Average square foot calculated using Size range provided by listing agent.

Description

A rare value-add multifamily investment opportunity in Wells, Nevada. This 33-unit Motel, which has been converted to studio units, offers immediate cash flow with significant upside potential through lease-up of currently vacant units. This property presents a compelling value-add opportunity for an investor to reposition and stabilize occupancy. At current in-place rents, the property generates a strong going-in cap rate, with substantial upside as remaining units are leased. The CAP rate is 9.5% with an NOI of $61, 750.00.
MLS® Number3628105
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1972
BasementCrawl Space
Driveway
Garage Spaces
HeatSpace Heater, Wall Furnace
A/CRooftop, Window Units

Extras

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