$1,795,555
Active
APN 021-191-08
Fernley, NV 89408
STR Status Unknown
About This Property
Prime Development Opportunity in Growing Fernley! This expansive 11.29-acre property comes with City of Fernley-approved tentative map for a 41-lot single-family home subdivision, offering a ready-to-go project in a high-demand area. All 45.92 acre-feet of valuable water rights are included in the purchase, ensuring a hassle-free development process., With the region experiencing rapid growth and increasing demand for residential housing, this property is a fantastic investment for developers looking to capitalize on Fernley’s expanding market. Don't miss this rare chance to own a prime subdivision site with all key approvals in place!
Listed by Robert Herrera — Sierra Nevada Properties-Frnly
Listing Details
Status
Active
MLS #
240011512
Days on Market
636
Property History
Sep 07, 2024
Listed for sale
$1,795,555
Property Overview
Lot Size
11.29 acres
Property Type
Land
APN
021-191-08
Exterior & Lot
Lot Features
Open Lot, Corners Marked
View
Mountain(s)
Financial
Annual Tax
$2,250
Schools
Elementary School
Cottonwood
Middle School
Silverland
High School
Fernley
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.
Payment calculator
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($359,111)
Home price
$1,795,555
Loan details
30-yr fixed, 6.5%
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