Conveniently located 8-plex near the University and downtown Reno. Consisting of four 1 bed, 1 bath units and four 2 bed, one bath units, there's plenty of space both inside and out. Each unit comes with its own assigned parking space, plus there's plenty of street parking near by. Take the property as-is or invest a little more into each unit to turn it into an amazing investment opportunity!

1. 6TH STREET 8-PLEX FOR SALE
1555 W. 6TH St, Reno, NV 89503
DicksonCG.com
INVESTMENT SUMMARY

2. 1
Table Of Contents
section 1
section 2
section 3
section 4
section 5
Trevor Richardson, Commercial Agent
Multifamily Specialist
EMAIL trichardson@dicksoncg.com
OFFICE 775.850.3031
CELL 775.233.0754
Natalie Richardson, Realtor
Residential Specialist
EMAIL nrichardson@dicksonrealty.com
OFFICE 775.850.3031
CELL 775.233.0754
OFFERING SUMMARY
FINANCIAL ANALYSIS
PROPERTY PHOTOS
LOCATION
MARKET INFO
6TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

3. 2
Property Description - Offering section 1
OFFERING SUMMARY
Conveniently located 8-plex near the University and downtown Reno. Consisting of four 1 bed, 1 bath units and four
2 bed, one bath units, there's plenty of space both inside and out. Each unit comes with its own assigned parking
space, plus there's plenty of street parking near by. Take the property as-is or invest a little more into each unit to turn
it into an amazing investment opportunity!
PARKING VIEW
● Listing Price $559,000
● Parking and Storage for Each Unit
● Located Near I-80, Downtown Reno,
University of Nevada, Ample Employment
● On-Site Laundry
● Current Rents Under Market Rents
PROPERTY HIGHLIGHTS
● Can be Acquired as Portfolio That
Includes an Adjacent Duplex
● Duplex Listing Price - $189,000
● Currently Managed by Mgt. Company
6TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

4. 3
section 1Offering Summary
6TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503
Property Unit Mix
Asking Price $559,000 Unit Type Product Type Building # # Units SF Current Rent Market Rent
$/SF $92 Apartment 2/1 A 1 887 $465 $749
$/UNIT $69,875 Apartment 2/1 A 1 887 $575 $749
Address 1555 W. 6th St Apartment 2/1 A 1 887 $655 $749
City Reno Apartment 2/1 A 1 887 $525 $749
State NV Apartment 1/1 A 1 625 $475 $625
Zip 89503 Apartment 1/1 A 1 625 $590 $625
Property Name 8-Plex On 6th St Apartment 1/1 A 1 625 $575 $625
Property Type Multifamily Apartment 1/1 A 1 625 $475 $625
Zoning MF30
Assessor's Parcel # 006-161-07
# Units 8
# Buildings 2
Rentable SF 6,048
Lot Size (AC) 0.184
Status On Market

5. 4
section 2Financial Analysis - Cash Flow Summary
6TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503
Acquisition Assumptions Actual Income & Exp. (See Page
6)
Market Rent Analysis (See Page 6)
Asking Price $559,000 Income $ % /Mo Income $ % /Mo
GRI $52,020 $4,335 GRI $65,952 $5,496
Vacancy (1,560.60) -3% (130) Vacancy (1,978.56) -3% (165)
Other Income $1,380 $115 Other Income $0 $0
Net Income $51,839 $4,320 Net Income $63,973 $5,331
Expenses Expenses
Total (18,032.00) -34.66% (1,503) Total (18,032.00) -27.34% (1,503)
Net Operating Income Net Operating Income
Total $33,807 $2,817 Total $45,941 $3,828
CAP RATE @ ASKING PRICE MARKET RENT CAP RATE @ ASKING PRICE
6.05% 8.22%

6. 5
Financial Analysis - Cash Flow section 2
6TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503
Annual Expenses 2015 Unit Mix
Cost % GI Unit Type Product Type Building # # Units SF Current Rent
Taxes $2,418 4.65% Apartment 2/1 A 1 887 $465
Insurance $4,518 8.69% Apartment 2/1 A 1 887 $575
Utilities $7,096 13.64% Apartment 2/1 A 1 887 $655
Maintenance* $4,000 7.69% Apartment 2/1 A 1 $887 $525
Apartment 1/1 A 1 $625 $475
Apartment 1/1 A 1 $625 $590
Apartment 1/1 A 1 $625 $575
Apartment 1/1 A 1 $625 $475
0.00%
0.00%
0.00%
0.00%
Total (18,032.00) -34.66% Gross Rental Income (GRI) $52,020 Other Income
Vacancy 3.0% (1,560.60) Laundry $138
Net Operating Income (NOI) Net Rental Income $51,839 Deposit Forfeit $1,242
$33,807

7. 6
Financial Analysis - Market Rent Analysis section 2
6TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503
Annual Expenses Unit Mix
Cost % GI Unit Type Product Type Building # # Units SF Market Rent
Taxes $2,418 3.67% Apartment 2/1 A 1 887 $749
Insurance $4,518 6.85% Apartment 2/1 A 1 887 $749
Utilities $7,096 10.76% Apartment 2/1 A 1 887 $749
Maintenance* $4,000 6.07% Apartment 2/1 A 1 $887 $749
Apartment 1/1 A 1 $625 $625
Apartment 1/1 A 1 $625 $625
Apartment 1/1 A 1 $625 $625
Apartment 1/1 A 1 $625 $625
0.00%
0.00%
0.00%
0.00%
Total (18,032.00) -27.34% Gross Rental Income (GRI) $65,952 Other Income
Vacancy 3.0% (1,978.56) Laundry $0
Net Operating Income (NOI) Net Rental Income $63,973 Deposit Forfeit $0
$45,941

8. 7
APR16 - Reno Apartment Rental Rates*
STUDIO
$1.54
/SF
Mar16
Apr16
Feb16
1 BEDROOM
$1.10
/SF
2 BEDROOM
$1.00
/SF
3 BEDROOM
$0.85
/SF
$1.50
$1.48
$1.05
$1.02
$0.99
$0.98
$0.86
$0.78
The following rental data consists of weighted averages for market rents of 27,050 Reno/Sparks apartments, 5+ unit complexes only.
+2.7% +4.8% +1% -1%
MoM%Change
April 2016 Reno Multifamily Market Report
* Source: Costar, Dickson Commercial Group does not guarantee the accuracy of the data provided
section 2

9. 8
section 3
PARKING VIEW LAUNDRY/STORAGE - BASEMENT
NEIGHBORHOOD VIEWLAUNDRY/STORAGE - BASEMENT
Property Photos - Exterior / Common Area
6TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

10. 1/1 - LIVING 1/1 - KITCHEN
1/1 - BATHROOM1/1 - BEDROOM
Property Photos - Interior section 3
96TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

11. section 4Location - Assessor Map
106TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

12. Location - Regional Map
SOMERSETT GOLF
COMMUNITY
UNIVERSITY OF
NEVADA, RENO
LAKE TAHOE
TAHOE RENO
INDUSTRIAL
CENTER (TRIC)
TESLA MOTORS
GIGAFACTORY
SWITCH SUPERNAP
APPLE DATA
CENTER
DOWNTOWN RENO
RENO TAHOE
INTERNATIONAL
AIRPORT
CALIFORNIA
NEVADA
NW RENO
TRUCKEE, CA
SPARKS
MIDTOWN RENO
WINGFIELD SPRINGSNORTH VALLEYS
SOUTH RENO
INTERSTATE 80
INTERSTATE 580
SE CONNECTOR
(UNDER CONST.)
section 4
SUBJECT
116TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

13. Location - Neighborhood Info Map
ACES BALLPARK
DOWNTOWN RENO
TRUCKEE RIVER
UNIVERSITY OF NEVADA
PROPOSED $1.2 BILLION DEVELOPMENT
KEYSTONE AVE.
SUBJECT
RETAIL/SHOPPING
RETAIL/SHOPPING
section 4
I-80
7THSTREET
126TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

14. Market Info - Reno/Sparks section 5
RENO, NEVADA
The Greater Reno/Sparks area is starting to see and feel the unprecedented growth in the area thanks to many key factors. Near the end of
2014, Tesla Motors named Nevada the official site for the Tesla Gigafactory, a massive factory to produce batteries for it’s electric vehicles.
According to the Governor’s Office of Economic Development, over 22,715 jobs could be created in Northern Nevada thanks to Tesla, as well as
a substantial increase in construction and housing activity. Governor Sandoval, in his State of the State speech in January 2015, stated
“Nevada’s job growth is third strongest in the country, we have cut our unemployment rate in half, and we have the second fastest growing
population in the nation.”
The Economic Development Authority, or EDAWN, is projecting an increase of more than 51,000 primary and secondary jobs from 2015 to 2019
for the region. In 2014, EDAWN assisted 34 companies in moving or expanding into Nevada, which included 13 headquarters. Prior to that, the
record for head-quarters was six. The 34 companies accounted for 4,179 new jobs for the area as well. EDAWN kicked off 2015 with 10
prospects visiting in just January alone. EDAWN credited high profile projects such as the Apple data center, Tesla Motors’ gigafactory and the
Switch SUPERNAP data center for increasing interest in the region from outside companies and expects to see nearly 100 other
announcements before end of 2015.
DOWNTOWN RENO
136TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503

15. Market Info - Major Regional Developments
TESLA GIGAFACTORY
Costing $5 billion and projected to employ 6,500 people once up and running, Tesla Motors' Gigafactory at the Tahoe Reno Industrial Center is
considered one of the biggest wins in economic development history. The gigafactory is the linchpin in Tesla's plans for expansion,
manufacturing an estimated 500,000 battery packs for the company's electric cars each year when operational. It will also allow the company
to eventually scale up its Tesla Energy line of storage batteries for homes and businesses. Just as important as its raw numbers, however, is its
impact on Reno's reputation as a place to do business for companies looking to expand. - rgj.com
Tesla’s mission is to accelerate the world’s transition to sustainable transportation. To achieve that goal, we must
produce electric vehicles in sufficient volume to force change in the automobile industry. With a planned
production rate of 500,000 cars per year in the latter half of this decade, Tesla alone will require today’s entire
worldwide production of lithium ion batteries. The Tesla Gigafactory was born of necessity and will supply enough
batteries to support our projected vehicle demand. Tesla broke ground on the Gigafactory in June 2014 outside
Sparks, Nevada, and we expect to begin cell production in 2017. By 2020, the Gigafactory will reach full capacity
and produce more lithium ion batteries annually than were produced worldwide in 2013.
- teslamotors.com/gigafactory
section 5
146TH STREET 8-PLEX FOR SALE - 1555 W. 6TH ST, RENO, NV 89503