211 Mizpah Cir, Tonopah, NV 89049

30 Unit Apartment Building | $2,100,000 ($70,000/Unit) | 5.85% Cap Rate | Tonopah, NV 89049

Asking Price $2,100,000

Property Type
Multifamily
Square Feet
34,000 SF

Listing Contacts

Sandy Fink, CCIM
Sandy Fink, CCIM
  • Property Info

Property Overview

Added Value!
Price reduction!!
couple of the building need new roof, and paving of the interior driveway and landscaping maybe needed,
low rent only $500.00 per units per month, each pays there own utilities, zoned as individual Townhomes
Each unit is 2 bedrooms and 1.5 bath 2 story, fireplace, living, dining room, area, breakfast bar, laundry area, patio storage shield.
Each unit about 1100 sq ft
Rent for a averaging for 1 bedroom 1 bath $700.00 average for 2 bedroom and 1 bath $ 800.00
lots of upside potential, I proforma at a rent of $675.00 per month
Asking $2,100,000
Proforma cap rate 8.86%

Property Details

Class
C
Year Built
1981
Stories
2
Property Subtype
Dormitory
Lot Size (sq. ft)
68,389 SF
Units
30

Highlights

  • 30 Units Apartment complex for sale
  • each are individual Townhome
  • Added value,
  • each unit about 1100 sq ft

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