372 Maine ST Street new Save Request In-Person Tour Request Virtual Tour
Reno,NV 89502
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,622 sqft
Price per Sqft $240
MLS Listing ID 250052964
Year Built 1972
Annual Tax Amount $4,656
Lot Size 0.363 Acres
Acres 0.36
Lot Dimensions 0.36
Property Sub-Type Multi Family
Property Description
5.55% CAP Rate on actuals / 7% proforma CAP Rate achievable by bringing rents to market rate. Current Gross Income = $88,213 / proforma Gross Income estimated at $111,284. Historically, the seller has benefited from low vacancy and stable income. Laundry hook-ups in all units. Property was freshly painted in 2025. Duplex building roof was replaced in 2025. Flexible MU (Mixed Use) zoning. Property was built in various stages - 1960 (2 units), 1962 (3 units), and 1984 (4 units). $176,667 per unit at asking price. APOD and Rent Roll are available. Property is tenant occupied - please, DO NOT disturb them.
Location
State NV
County Washoe
Zoning MU
Direction Mill St. to Gould St. to Lewis St. to Maine St.
Interior
Heating Forced Air,Natural Gas
Cooling Electric,Wall/Window Unit(s)
Flooring Varies
Fireplace No
Laundry Washer Hookup,Varies By Unit
Exterior
Parking Features Asphalt,Off Street
Utilities Available Cable Available,Cable Connected,Electricity Available,Electricity Connected,Internet Available,Internet Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Water Available,Water Connected,Cellular Coverage,Water Meter Installed
View Y/N No
Roof Type Flat,Pitched,Shingle
Garage No
Building
Lot Description Corner Lot,Cul-De-Sac,Level,Open Lot
Story 2
Foundation Crawl Space
Water Public
Structure Type Brick,Wood Siding,Unknown
Others
Tax ID 012-163-02
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional