$590,000
MLS #:
3628105
Baths:
10
Sq. Ft.:
13672
Lot Size:
Yr. Built:
1972
Type:
Commercial
Commercial Building - Motel/Hotel/Inn, Multi Family 5+ Units
Taxes/Yr.:
$6,270
Area:
Wells Area
Community:
Wells
Subdivision:
ZX-Other/None
Address:
340 6th Street
Wells, NV 89801
33-Unit Multifamily Investment Opportunity
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.
Interior Features:
Cooling: Roof Unit
Cooling: Window Unit
Flooring- Carpet
Flooring- Laminate
Heating: Wall/Space Heater
Exterior Features:
Construction: Brick
Curb & Gutter
Foundation: Crawl Space
Landscaping: Natural
Roof: Tar/Gravel
Utilities:
Power Source: Public Utility
Water Source: Municipal
Listing offered by:
Tony Odeh - License# B.1002961 with Robinhood Realty Elko LLC - (775) 299-1680.
Map of Location:
Data Source:
Listing data provided courtesy of: Elko County MLS (Data last refreshed: 08/04/26 4:20am)
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Notice & Disclaimer: Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. All information (including measurements) is provided as a courtesy estimate only and is not guaranteed to be accurate. Information should not be relied upon without independent verification.
Notice & Disclaimer: Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. All information (including measurements) is provided as a courtesy estimate only and is not guaranteed to be accurate. Information should not be relied upon without independent verification.
More Information
More Info.
For more information or to shcedule a showing of this property, call Jesse at (775) 753-HOME (4663) or click below to email me.
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