340 6th ST, Wells, NV 89801
340 6th ST, Wells, NV 89801
340 6th ST, Wells, NV 89801
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Listed by Tony Odeh • Robinhood Realty Elko LLC
$650,000
Est. payment /mo
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10 Baths
13,672 SqFt
Active

340 6th ST Wells, NV 89801

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 13,672 sqft

Price per Sqft $47

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

Property Description

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.

Location

State NV

County Elko

Community Curbs, Gutter(S)

Area Wells Area

Rooms

Basement Crawl Space

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

Building

Foundation Crawlspace, Slab

Water Public

Architectural Style Ranch

Others

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

NEARBY SCHOOL & BUSINESS

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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