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For Sale

420 Lee

420 Lee, Carson City, NV 89706

$3,175,000
Discover the extraordinary investment opportunity at 420 Lee St in Carson City. This partially renovated 16-unit apartment complex is a testament to modern living, offering an ensemble of spacious 2-bedroom, 1-bathroom units, each generously sized at approximately 700 square feet. With full occupancy and nestled within the thriving Carson City rental market. Renovated Excellence: Units within 420 Lee Street have undergone renovations, ensuring that residents enjoy an updated living space., These renovations not only enhance the property's visual appeal but also potentially reduce ongoing maintenance concerns, making it a hassle-free investment. Generous Living Spaces: Each unit features two well-proportioned bedrooms and a tastefully appointed bathroom, providing residents with ample room to live and relax. The 700-square-foot floor plan combines functionality with style, creating a welcoming environment. Full Occupancy: Presently, the property is fully occupied, showcasing its strong appeal to tenants and providing a reliable, consistent income stream. Central Location: 420 Lee Street enjoys a central location, providing easy access to Carson City's essential amenities, dining establishments, and shopping centers. The property's proximity to these conveniences is a significant advantage for potential tenants. Lake Tahoe Proximity: For those seeking recreation and leisure, Lake Tahoe is just a scenic 40-minute drive away. This proximity to a world-renowned destination adds to the property's allure, potentially attracting tenants seeking a balance between urban living and outdoor adventure. Strong Rental Market: Carson City boasts a robust rental market, making it an attractive location for property investment. The property's modern renovations, central location, and 2-bedroom units position it favorably in this thriving market. Ample Parking: The property offers 20 parking spots, a valuable amenity that enhances tenant convenience and attracts potential renters. Disclaimer: All information provided is deemed reliable but not guaranteed. Prospective buyers and investors are encouraged to conduct their own due diligence and verify all details independently. Don't miss this golden opportunity to own a turnkey investment property in Carson City's strong rental market. With its full occupancy, modern renovations, central location, and proximity to Lake Tahoe, 420 Lee Street represents an excellent choice for investors aiming to add a Nevada property to their portfolio.

11,200 Sq.Ft. LIVING AREA

0.47 Acres lot

Jean Merkelbach

Jean Merkelbach

  • title PRIVATE OFFICE ADVISOR & LICENSED PARTNER | Real Estate Agent
  • PHONE (775) 901-0704
  • EMAIL [email protected]
  • DRE # NV B.0012934 | CA 01129301

Features & Amenities

Interior

  • Laundry room None
  • Flooring Varies

Area & Lot

  • Status For Sale
  • Living Area11,200 Sq.Ft.
  • Lot Area0.47 Acres
  • MLS® ID240006079
  • TypeCommercial
  • YEAR BUILT1964

Exterior

  • STORIES2
  • water SourcePublic
  • utilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
  • roofComposition, Shingle
  • parkingAlley Access
  • sewerPublic Sewer
  • SubstructureNone

Financial

  • Sales Price$3,175,000
  • Real Estate Tax $4,775/yr
  • Zoning MFA
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Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 420 Lee, Carson City, NV 89706. We are reviewing your request and will be in touch shortly!

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