198 N C Street Virginia City, NV 89440

Fabulous mixed use property that can be utilized as is or reconfigured. The current owner of this property lives in the main unit bordering B Street. There are 6 other rooms, or apartments, that generate income from long term renters. Bordering C Street are two commercial units, also generating income. This property is a double lot and both lots are included in the sale. The owner's unit is 3 bedrooms and 1238 square feet. Photos are of the owner's unit and one other unit. Many units have been remodeled. Bordering C Street is a historic Blacksmith shop built in the 1860's that could be a source of income and the upper portion of the lot is undeveloped. The commercial units were a laundromat long ago but are currently occupied by a CPA and insurance agent. There is a workshop in the center of the building. At the current (under) market rents, and with assigning a rental value to the owner occupied unit, this property generates almost a 7% cap rate. A future owner could use this property as is, turn it into a bed and breakfast, use for VRBO or as an AirBnB. A prior appraisal states the structure is 6674 square feet.