Reno Multi-Family Homes For Sale
Whether you're looking for an investment property, multi-generational living, or to live on-site while also generating income, multi-family homes are a great option! Multifamily properties are any properties that have more than one dwelling. The smallest scale multifamily properties are duplexes. Triplexes and four-plexes are the next steps up in size, followed by larger-scale multifamily buildings like apartments and condo buildings.
Benefits of Investing in Reno Multifamily Real Estate
There are many benefits to investing in multifamily real estate, and investors often find multifamily properties to be a great way to get started in Reno real estate investments without the complexities of investing in commercial real estate. Some of the benefits of purchasing a multifamily property include:
- Income - Perhaps the most obvious benefit, most people invest in real estate to make money. Whether you're working to bank equity, or have monthly cash flow, receiving rent from multiple tenants is a great way to produce income.
- Lowered Risk - Multifamily properties are known to be safe investments -even if the economy is down, people always need somewhere to live. During a recession when homeowners are forced to sell homes they can no longer afford, they often choose to move into rental properties. While commercial real estate may experience increased vacancies during tough economic times, rentals rarely sit empty for long. Having multiple rental properties also helps keep income flowing when one is empty between tenants.
- Scalability - Multifamily properties are a great way to break into the rental property owner market. Owners can purchase one property at a time and grow their assets with a relatively low barrier to entry.
- Passive Income - Many property owners invest in multi-family real estate and hire a property manager to handle the details. While it may cut into profits, the property owner can be completely hands-off. This allows them to continue to have a full-time job, or pursue other avenues of income while making money on their property investments simultaneously.
- Equity - While properties don't always appreciate at the same rate, and economic downturns are a reality, multifamily real estate does tend to be more resilient to market fluctuations. Values tend to climb consistently, making property owners additional money in addition to their rental income.
- Tax Benefits - Many property owners find the tax advantages of multifamily properties to be more beneficial than other investments. Working with a great accountant will ensure property owners get the maximum benefit from their investments.
While there is always risk associated with any investment, multifamily real estate investments tend to be lucrative assets for investors.
Uncover the best Reno multi-family homes for sale & Reno real estate below! For up-to-date information on Reno commercial real estate or to schedule a private tour of the many Reno multi-unit properties available to purchase today, contact Nevada Real Estate Group at eXp Realty, LLC today.
Multi-Family Homes For Sale in Reno NV
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Considering the purchase of a multi-family home in Reno, Nevada? Call your local REALTOR®, Nevada Real Estate Group at eXp Realty, LLC, at (775) 750-1700. Our real estate experts know the ins and outs of the Reno multi-family housing market.
Reno Multi-Family Homes Estate Market
Multi-Family Homes for sale in Reno, Nevada, are a great way to ease into real estate investment. Whether looking for a property that can be fully rented or partially lived in, multi-family properties are ideal for those looking to increase cash flow or build their portfolio. From duplexes, triplexes to residences with many units, multi-family properties are available in nearly every city area.
Though many buyers are seeking investment options, multi-family properties also appeal to those looking for attached suites or multi-generational homes. Regardless of your needs, Reno's real estate market offers a large number and a well-varied inventory of multi-family dwellings.
Reno Multi-Family Agents
If you're buying or selling a multi-Family unit in Reno, allow our Reno real estate experts to guide you through the process with your Reno Multi-Family Homes real estate specialist. As your local REALTOR®, we have exclusive knowledge concerning the unique dynamics of the Reno investment properties market.
To learn more about agent representation while buying or selling your Reno multi-family property, contact Nevada Real Estate Group at eXp Realty, LLC. Check out our free market analysis page to receive a home value estimate within minutes.
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⭐⭐⭐⭐⭐ "Shelby has become our lifetime real estate agent. She got our house sold in 36 hours! Even after our initial buyer backed out. She led us through the process of selling, even through the bumps we encountered, with so much knowledge and patience and she kept me calm through it all! She even negotiated way over asking price. When it came to buying our new home, she found us exactly what we were looking for. Everything has been effortless with her as our agent. If you are looking for your agent, Shelby is it! 10/10 recommend!" -Megan L. on Google
⭐⭐⭐⭐⭐ "Would highly recommend to anyone in the market to buy a house in the Reno area!" -Jenn E. on Google
⭐⭐⭐⭐⭐ "Our son is moving to Reno for school and we would rather his roommates assist with our mortgage rather than pay more in rent. We wanted him to have a place to call home and take pride in the upkeep. We didn't know the area so we wanted an experienced local realtor. We chose Aaron because he has strong ties to the community and has a vast support team. He helped us every step of the way. Finding a truly knowledgeable realtor saved us time and heartache. We had no problems with the loan process, title company, inspections, and closed on time. He even helped us to beat out an ALL cash offer. Astonishing! Start your buying process with Aaron. Aaron offers the full service.
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⭐⭐⭐⭐⭐ "Chris is an incredible agent who always had my best interests in mind. He was responsive, conscientious, and experienced. Could not have trusted him more!" -Merrill B. on Google
⭐⭐⭐⭐⭐ "Edye was wonderful when she was helping us buy a house. She stayed in constant contact, took us all over the place with many miles between houses and was always available. She also is very sweet and super easy to get along with. I gave her five stars all the way around and absolutely recommend her to future clients!" -Dorothy W. on Google
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