NV > Lovelock
Lovelock, NV 89419,1335 Cornell AVE Avenue
Lovelock, NV 89419,1335 Cornell AVE Avenue
Lovelock, NV 89419,1335 Cornell AVE Avenue
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$425,000
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9,583 Sqft Lot
Price Dropped by $25K

1335 Cornell AVE Avenue Lovelock, NV 89419

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Kaitlynn Tummers

Kaitlynn Tummers

+1(775) 508-6000

UPDATED:

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

Listed by RE/MAX Gold

Learn More About LPT Realty

agent

Kaitlynn Tummers

Agent | License ID: S.0194316

+1(775) 508-6000

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1335 Cornell AVE Avenue