Active

420 Lee

Carson City NV, 89706

$3,675,000


$328.13 per sqft

Active

1 Bath

11,200 sqft

Multi-family

Built in 1964

Discover the extraordinary investment opportunity at 420 Lee St in Carson City. This partially renovated 16-unit apartment complex is a testament to modern living, offering an ensemble of spacious 2-bedroom, 1-bathroom units, each generously sized at approximately 700 square feet. With full occupancy and nestled within the thriving Carson City rental market. Renovated Excellence: Units within 420 Lee Street have undergone renovations, ensuring that residents enjoy an updated living space. These renovations not only enhance the property's visual appeal but also potentially reduce ongoing maintenance concerns, making it a hassle-free investment. Generous Living Spaces: Each unit features two well-proportioned bedrooms and a tastefully appointed bathroom, providing residents with ample room to live and relax. The 700-square-foot floor plan combines functionality with style, creating a welcoming environment. Full Occupancy: Presently, the property is fully occupied, showcasing its strong appeal to tenants and providing a reliable, consistent income stream. Central Location: 420 Lee Street enjoys a central location, providing easy access to Carson City's essential amenities, dining establishments, and shopping centers. The property's proximity to these conveniences is a significant advantage for potential tenants. Lake Tahoe Proximity: For those seeking recreation and leisure, Lake Tahoe is just a scenic 40-minute drive away. This proximity to a world-renowned destination adds to the property's allure, potentially attracting tenants seeking a balance between urban living and outdoor adventure. Strong Rental Market: Carson City boasts a robust rental market, making it an attractive location for property investment. The property's modern renovations, central location, and 2-bedroom units position it favorably in this thriving market. Ample Parking: The property offers 20 parking spots, a valuable amenity that enhances tenant convenience and attracts potential renters. Disclaimer: All information provided is deemed reliable but not guaranteed. Prospective buyers and investors are encouraged to conduct their own due diligence and verify all details independently. Don't miss this golden opportunity to own a turnkey investment property in Carson City's strong rental market. With its full occupancy, modern renovations, central location, and proximity to Lake Tahoe, 420 Lee Street represents an excellent choice for investors aiming to add a Nevada property to their portfolio.

240006079

MLS ID

May 21, 2024

Listed

October 15, 2024

Updated

Map

420 Lee
Carson City NV, 89706

Interior Features

Total Stories

2


Total Bathrooms

1


Appliances

Varies Per Unit


Laundry Description

None


Floor Description

Varies by Unit


Fireplace

No


Cooling

Yes


Cooling Description

Varies by Unit


Heating

Yes


Heating Description

Varies by Unit

Exterior/Building Features

Lot Size

0.47 Acres


Exterior Features

Wood Siding


Roof

Composition/Shingle

Other Property Details

Days on Market

134


Association Fee

Not Listed


Garage

No


Parking

Common


Parking Total

20


View

No


County

Carson City


Municipality

Yes


Pool

No


Zoning

MFA

Listing History

Date

Event

Price

7/26/2024

Price change

$3,675,000

-2%

 

Courtesy of Engel & Volkers Lake Tahoe, Jean Merkelbach

The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

©2024 Northern Nevada Regional MLS. All rights reserved.

Data last updated 1:01 AM UTC, 10/15/2024

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