$30K Estimated Cashflow. 5.43% Cap Rate. Two 2 Br/1 Ba units, two 1 Br/1 Ba units. Originally built as the 7 unit Sage Motel in 1949. Converted to apartments in 2005 and operated as apartments from then until 2016. Extensively renovated in 2018-2019. Renovations included: New roof, new plumbing, new electric, new doors, new Low E double-pane windows, new appliances, new water heaters, new flooring, new paint, and the list goes on. Beautiful units with positive cash flow. Owner carry with large down.
1335 Cornell Ave is a multi family-home located in Pershing, the 89419 ZIP Code, and the Lovelock Elementary School, Pershing County Middle School, and Pershing County High School (And Alternative Ed) attendance zones.
Public Middle School
Grades: 6-8Students: 144
Public Elementary School
Grades: PK-5Students: 314