2060 W College Parkway

Description

UNIQUE TURNKEY INVESTMENT OPPORTUNITY: 207-UNIT MULTIFAMILY ASSET IN NW CARSON CITY, NEVADA! | Located on 4.3 acres near Western Nevada College & I-580 (just 20 mins to Reno), this stabilized community is predominantly occupied by working adults & seniors. | PROPERTY LAYOUT: 6 total buildings. The 5 two-story residential buildings feature 207 private bed/bath suites arranged in efficient 4-bed "quad" layouts with shared full kitchens. | The dedicated single-story building serves as the central operations hub, housing the main office, on-site laundromat, a management unit, and a maintenance shop complete with a roll-up door and additional storage. | EXCEPTIONAL CAPITAL EXPENSES & PROACTIVE MAINTENANCE: Showcasing the true pride of a proactive and caring ownership, this property benefits from a consistent, hands-on approach to maintenance. Major capital has been deployed to ensure long-term physical stability, including over 250,000 in capitalized improvements in 2025 (full exterior paint & extensive concrete/asphalt repairs), plus NEWER ROOFS on all 6 buildings. Most units feature updated hardwood laminate floors. The owner recently modernized the keying system across all units—enabling management to instantly rekey and change locks on-site. Proactive, annual preventive maintenance on every individual AC unit and annual health and safety for fire and CO2 detectors, including annual battery replacements. | STABLE REVENUE & ALL-INCLUSIVE UTILITIES: Units are actively leasing at 850/mo. Rent covers all utilities (electric, gas, water, sewer, trash), creating a highly attractive all-inclusive model that drives exceptional tenant stability and retention. Additional income streams include the laundromat and optional in-room refrigerator rental fees. Complete financial package available upon receipt of offer. | AMENITIES: Current ownership and diligent staff has created a community hub featuring a central rec room (equipped with a wet bar, vending machines, lending library & TV), outdoor BBQ/picnic areas, and a dedicated on-site JAC transit bus stop for ultimate tenant convenience. A truly turnkey asset!