2151-2165 Patton Drive
2151-2165 Patton Drive
Reno, NV 89512
Map
Fully occupied 8-unit multi-family (2 4-plexes) with $119,460 gross income, $84,545.81 NOI, and 5.83% CAP rate. Each 4-plex on its own parcel, and qualifies for conventional financing! Seller financing available with 50% down, terms negotiable. New roofs (2023/2025, with warranties), fresh exterior paint, updated windows/sliders, resealed parking lot. Some units with modern upgrades (granite counters, LVP flooring). Turnkey investment with strong cash flow! Units individually metered for Power & Gas., This premier 8-unit multi-family property is a high-performing investment, fully occupied with exceptional cash flow. Consisting of two 4-plexes, each on its own parcel, it qualifies for conventional financing—a rare advantage. The unit mix includes seven 2-bedroom/1.5-bath units and one 1-bedroom/1-bath unit, generating $119,460 in gross annual income, a Net Operating Income (NOI) of $84,545.81, and a 5.83% CAP rate, delivering strong returns for this market. Significant recent
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MF30
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$1,395,000
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0.32
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6816
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Active
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1964
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Balcony
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Oven, Gas Range, Refrigerator