Harding Real Estate Team
SQUARE FEET3,456
MLS#260013868
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
Turnkey 6-unit apartment building with an in place 5.35 cap rate. No renovations needed, simply raise rents to an already proven market rate to achieve a 6.8 proforma cap rate. 1987 Construction. New roof in 2022 and fresh exterior paint in 2023 courtesy of the previous owner. Three new mini-split heating / cooling units, a new 50 year deck, security camera system, and almost all appliances have been replaced since the current owner facilitated extensive renovations in 2024 and 2025. All apartments have in-unit washer & dryer hookups. Ample tenant parking with 10 spaces. Units are individually metered for gas & electricity. Owner pays water, sewer, and trash. APOD and Rent Roll available upon request.
Property Features
Property Type: Commercial - Investment
Cooling: Electric, Wall/Window Unit(s)
Heating: Natural Gas, Wall Furnace, Mini Split(s)
Lot Size: 0.19 Acres
Roof Type: Pitched, Shingle
Stories: 2.0
Taxes: $3,797
Year Built: 1987
Feature Descriptions
Business Name: 2308 Wedekind
Business Type: Other
Construction Type: Site/Stick-Built
Cooling Y/N: Yes
Days on Site: 3
Exterior: Unknown
Fencing: Partial
Flooring: Varies
Foundation: Crawl Space
Heating Y/N: Yes
Laundry Features: In Unit, Washer Hookup, Varies By Unit, Electric Dryer Hookup, Gas Dryer Hookup
Lot Features: Level
OtherStructures: None
Parcel #: 026-801-02
Parking: On Site, Parking Lot
Road Frontage: Private Road, Other
Road Responsibility: Private Maintained Road, Road Maintenance Agreement
Road Surface: Paved
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: None
Units: 6
Utilities: Cellular Coverage, Internet Connected, Water Meter Installed, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water: Public
Water Rights Y/N: No
Window Features: Blinds
Listed By / Shown By
Listed By
Agency Name: DL Realty
Agent Name: Chris McCain
Agency Phone: 775-762-5418
Agent Phone: 775-225-1144
Shown By
Agent Name: Harding Real Estate Team
Agent Phone: (734) 812-6900
Agency Title: Key Realty
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Agent License Information: Brokerage/Company License Number: MI-65-05366134
2308 Wedekind Road | MLS# 260013868
This commercial property located at 2308 Wedekind Road, Reno, NV 89512 is currently listed for sale with an asking price of $1,150,000. Search Reno real estate on www.hardingrealestateteam.com today.