3590 Carlos LnReno, NV 89502

This exceptional value-add investment opportunity presents a four-unit apartment building situated on a 0.14-acre lot in Reno, Nevada. The property, located at 3590 Carlos Lane, boasts 3,600 square feet and is zoned MF30. Built in 1963, this two-story building offers significant potential for increased profitability. The asking price is $729,500, translating to $182,375 per unit and $202.64 per square foot. The property's current pro-forma net operating income (NOI) is $42,504, yielding a 5.00% cap rate. Average rents are currently below market value, presenting a clear path to increased revenue. The parking lot was completely repaved in 2023. The property is being sold "as is," and a 24-hour notice is required for showings. This is a tenant-occupied property. The property's address is 3590 Carlos Ln, Reno, NV 89502, and its APN is 02031128. The seller is motivated, making this an attractive investment for those seeking a hands-on project with substantial upside potential. This is a multifamily investment opportunity with significant potential for value appreciation.