New Listing2060 W College Parkway,Carson City, NV 89703
Carson City, NV 89703
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 unitsenabling 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!
Details
| MLS # | 260010626 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Building Name | University Heights |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 3 |
| Listing Provided By | Coldwell Banker Select Reno | Theresa Preston |
Features
| SQ Feet | 187,439 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 207 |
| Building(s) | 6 |
| Zoning | MFA |
| Acreage | 4.30 |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Electric, Wall/Window Unit(s) |
| Cooling Yes / No | Yes |
| Window Features | Aluminum Frames, Blinds, Double Pane Windows, Vinyl Frames |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt |
|---|---|
| Security Features | Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s) |
| Lot Features | Corner Lot, Gentle Sloping, Sloped Up, Sprinklers In Front, Sprinklers In Rear |
| Construction Materials | Masonite, Vertical Siding |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Crawl Space |
| Fencing | Back Yard, Wood |
Parking
| Parking Features | Accessible Parking, Lighted, Off Street, On Site, On Street, Parking Lot |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Cellular Coverage |
|---|---|
| Sewer | Public Sewer |
| Electric | 110 Volts, 220 Volts |
Taxes
| Property | 37489 |
|---|
Area Information
| State | NV |
|---|---|
| County | Carson City |
| City | Carson City |
| Zip Code | 89703 |
| Area | Carson City |
| Community Name | University Heights |
| Listing VS Median (in University Heights) | |
Price: $18,100,000 low | high Med: $9,287,500 sqft: 187,439 low | high Med: 94,792 $ / sqft: $97 low | high Med: $159 On site: 3 low | high Med: 8.5 | |
Market Activity 89703
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Learn More About This Property
| State | NV |
|---|---|
| County | Carson City |
| City | Carson City |
| Zip Code | 89703 |
| Area | Carson City |
| Community Name | University Heights |
| Listing VS Median (in University Heights) | |
Price: $18,100,000 low | high Med: $9,287,500 sqft: 187,439 low | high Med: 94,792 $ / sqft: $97 low | high Med: $159 On site: 3 low | high Med: 8.5 | |
