1335 Cornell AVE Avenue Active Save Request In-Person Tour Request Virtual Tour
Lovelock,NV 89419
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250001755
Year Built 1949
Annual Tax Amount $1,488
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 0.22
Property Sub-Type Multi Family
Property Description
4 unit property consisting of two 2bed/1bath and two 1bed/1bath units. This property was originally a 7 unit motel converted into apartments. The property was renovated in 2018-2019. Renovations at that time included but were not limited to a new roof, new electric, new doors, new double pane windows, new appliances, new water heaters, new flooring, etc. Common on-site laundry. Units are Individual metered for gas & electric. The property is currently fully occupied. Gross scheduled rents: $38,400/yr, The property is currently zoned C commercial. Current land use: 430 Commercial Living accommodations. In addition to rent, tenants are charged a 12% room tax as required by the City of Lovelock. Current owner has not attempted to get the property re-zoned to MF in order to remove the room tax requirements. There are limited apartments in Lovelock. Majority of rental demand comes from employees at the area mines and also employees at the correctional facility.
Location
State NV
County Pershing
Zoning C
Direction Head N. from the light of Main & Cornell
Interior
Heating Natural Gas,Wall Furnace
Flooring Laminate
Laundry Common Area
Exterior
Parking Features Assigned
Utilities Available Cable Available,Electricity Available,Internet Available,Natural Gas Available,Phone Available,Sewer Available,Water Available,Cellular Coverage,Water Meter Installed
View Y/N No
Roof Type Composition,Pitched,Shingle
Garage No
Building
Story 1
Foundation Slab
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Lovelock
Middle Schools Pershing
High Schools Pershing
Others
Tax ID 00104407
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional