$2,499,000
Active
4400 Alexander Lake Road
Reno, NV 89502
STR Status Unknown
About This Property
73+acres of the most unique and awe-inspiring properties!!! This Reno "LANDMARK" rises 600 feet above the greater Reno/Sparks area offering 360 degree views of Reno, Sparks, Sierra Nevada Mountains!! This is one of the most unique property in the area and must be seen in person to get the scope of what this property offers. Several buildable area's and suitable for more communication sites, special events center, or let your creativity guide you. Their is approximately 75 ft by 400 ft of relatively level area on top. Sale includes parcel 164-341-03, 0 Short lane, This is the easement thru county property to property line.
Listed by Randall Short — NVG Properties LLC
Listing Details
Status
Active
MLS #
190015415
Days on Market
2435
Property History
Oct 05, 2019
Listed for sale
$2,499,000
Property Overview
Lot Size
73.03 acres
Property Type
Land
APN
164-351-02
Exterior & Lot
Lot Features
Level, Open Lot, Sloped Down, Sloped Up, Steep Slope
View
City, Desert, Mountain(s), Valley
Financial
Annual Tax
$6,372
Schools
Elementary School
Dodson
Middle School
Pine
High School
Wooster
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% ($499,800)
Home price
$2,499,000
Loan details
30-yr fixed, 6.5%
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Or call directly: 530.613.5207
