10 Baths
13,672 SqFt
1972 Year Built

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.

Listed by Tony Odeh of Robinhood Realty Elko LLC

GALLERY

PROPERTY DETAIL

Key Details

Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13, 672 sqft
Price per Sqft $43
Subdivision Zx-Other/None
MLS Listing ID 3628105
Style Ranch
HOA Y/N No
Year Built 1972
Annual Tax Amount $6,270
Property Sub-Type Commercial
Location

State NV
County Elko
Community Curbs, Gutter(S)
Area Wells Area
Rooms

Basement Crawl Space
Building

Foundation Crawlspace, Slab
Water Public
Architectural Style Ranch

Interior

Heating Space Heater, Wall Furnace
Cooling Rooftop, Window Unit(s)
Flooring Carpet, Laminate, Luxury Vinyl Plank
Fireplace No
Exterior

Community Features Curbs, Gutter(s)
Water Access Desc Public
Roof Type Membrane,Tar/Gravel
Others

Tax ID 002-545-002,002-545-