Apartment Building (up To 8 Units)

apartment for sale

7 views

Listed: 02/13/23

West Park Street, Fallon, NV 89406, USA

Studio Bed:

1 Bath:

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Price

$ 800,000

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About This Apartment

Seller is offering owner financing at 4.5%. Cash flowing 6-plex in the city Of Fallon with a pro-forma 6% CAP rate. Each unit is ~870 sq ft with 2 bedrooms & 1 bathroom. Each unit boasts large spacious living room and large bedrooms. Laminate flooring throughout. The property consists of 2 buildings. One four-plex and one duplex. The exterior of the buildings have been recently painted. There is ample off-street parking. The parking and courtyard areas are low maintenance with a concrete surface.

Property Includes

Parking
Oven
Refrigerator
Roof Composition Shingle
Covering Floor Carpet
Heating Forced Air

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Fallon Housing & Living

Household Income

Median household income: $39,866

Number of households: 3,599

The average household income in Fallon, NV grew from $37,848 to $39,866 in the past year. This data is an estimate based upon 3,599 households in Fallon, NV.
The chart below presents how household income is distributed in Fallon, NV in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fallon, NV compared to median property taxes around the country. The prevalent amount of property taxes in Fallon, NV equals $800-$1,500 , which is more than the national average.