340 6th, Wells, NV 89801
- $590,000
- 10
- BA
- 13,672
- SqFt
- List Price
- $590,000
- Price Change
- ▼ $60,000 1785545193
- Status
- ACTIVE
- MLS#
- 3628105
- Bathrooms
- 10
- Living Area
- 13,672
- Year Built
- 1972
Property Description
A rare value-add multifamily investment opportunity in Wells, Nevada. This 33-unit Motel, which has been converted to studio units, offers immediate cash flow with significant upside potential through lease-up of currently vacant units. This property presents a compelling value-add opportunity for an investor to reposition and stabilize occupancy. At current in-place rents, the property generates a strong going-in cap rate, with substantial upside as remaining units are leased. The CAP rate is 9.5% with an NOI of $61,750.00.
Additional Information
- Subdivision
- Zx-Other/None
- Flooring
- Carpet, Laminate, Luxury Vinyl Plank
- Community Features
- Curbs, Gutter(s)
- Heating
- Space Heater, Wall Furnace
- Cooling
- Rooftop, Window Unit(s)
- Roof
- Membrane, Tar/Gravel
Mortgage Calculator
Listing courtesy of Robinhood Realty Elko LLC.