NV > Reno
Reno, NV 89502,372 Maine ST Street
Reno, NV 89502,372 Maine ST Street
Reno, NV 89502,372 Maine ST Street
Reno, NV 89502,372 Maine ST Street
Reno, NV 89502,372 Maine ST Street
Reno, NV 89502,372 Maine ST Street
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Anthony "Tony" Smith

Anthony "Tony" Smith

+1(510) 812-4999
$ 1,590,000
Est. payment | /mo

6,622 SqFt

Save
$ 1,590,000
Est. payment | /mo
Save

6,622 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,622 sqft

Price per Sqft $240

MLS Listing ID 250052964

Year Built 1972

Annual Tax Amount $4,656

Lot Size 0.363 Acres

Acres 0.36

Lot Dimensions 0.36

Property Sub-Type Multi Family

Property Description

5.55% CAP Rate on actuals / 7% proforma CAP Rate achievable by bringing rents to market rate. Current Gross Income = $88,213 / proforma Gross Income estimated at $111,284. Historically, the seller has benefited from low vacancy and stable income. Laundry hook-ups in all units. Property was freshly painted in 2025. Duplex building roof was replaced in 2025. Flexible MU (Mixed Use) zoning. Property was built in various stages - 1960 (2 units), 1962 (3 units), and 1984 (4 units). $176,667 per unit at asking price. APOD and Rent Roll are available. Property is tenant occupied - please, DO NOT disturb them.

Location

State NV

County Washoe

Zoning MU

Direction Mill St. to Gould St. to Lewis St. to Maine St.

Interior

Heating Forced Air, Natural Gas

Cooling Electric, Wall/Window Unit(s)

Flooring Varies

Fireplace No

Laundry Washer Hookup, Varies By Unit

Exterior

Parking Features Asphalt, Off Street

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Internet Available, Internet Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed

View Y/N No

Roof Type Flat,Pitched,Shingle

Garage No

Building

Lot Description Corner Lot, Cul-De-Sac, Level, Open Lot

Story 2

Foundation Crawl Space

Water Public

Structure Type Brick,Wood Siding,Unknown

Others

Tax ID 012-163-02

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by DL Realty
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372 Maine ST Street