210 1st St - 10 Unit Apartment Building
Property Details
210 1st St
10 Unit Apartment Building SOLD - Fernley, NV 89408
Exceptional 10-unit apartment building located in Fernley, Nevada — the closest city to the Reno Tahoe Business Park, home of the Tesla Gigafactory. This rare investment opportunity features well-maintained rental apartments and laundry facilities spread across three buildings in a prime Nevada location with strong growth fundamentals.
Investment Highlights
Strategic Location Advantages
Proximity to Major Employers
This was a very rare investment opportunity in Fernley, Nevada — the closest city to the Reno Tahoe Business Park, home of the Tesla Gigafactory. The business park is now fully occupied with major tenants such as:
- • Tesla Gigafactory - Major manufacturing facility
- • Google - Data center operations
- • Switch - Technology infrastructure
- • Wal-Mart - Distribution center
Property Features
- • 10 rental apartments spread across three buildings
- • On-site laundry facility for tenant convenience
- • Exceptionally well maintained by previous owner
- • Rare investment opportunity - first comparable property on market in years
- • Strong rental demand from Tesla Gigafactory and business park employees
- • Prime Fernley location with excellent growth potential
- • Established rental income stream
- • Professional property management in place
Market Context
Rare Market Opportunity: Properties like this almost never come to market in Fernley, and in fact, it had been several years since a comparable apartment building was offered for sale in this area.
The asset was exceptionally well maintained, with the owner demonstrating consistent investment in property upkeep and tenant satisfaction, contributing to strong occupancy rates and rental income stability.
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