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$650,000

For Sale

8 hours ago

340 6Th St, Elko, NV

House

MLS® 3628105

0 Bed

10 Bath

13672 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 13672 sqft
Garage 
Taxes $6,270
Days Active 0
Lot Size 0 Acres
Approx. Age 1972
Avg. Price Per Sqft $47
MLS® Number 3628105

Property Address: 340 6th St, Elko, NV, 89801-3712

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number3628105
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1972
BasementCrawl Space
Driveway
Garage Spaces
HeatSpace Heater, Wall Furnace
A/CRooftop, Window Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 9, 2026List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
340 6Th St, Elko, NV

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