1011 E 4th St - Hospitality FOR SALE
Reno, NV 89512 |
1011 E 4th St
Reno, NV 89512
HIGHLIGHTS
- Fully renovated 23-unit boutique property, repositioned in 2025 with no deferred maintenance.
- 100% occupied with rent increases implemented post-renovation and absorbed without resistance.
- Efficient 350 SF studio layouts align with Reno’s highest-demand, attainable housing segment.
- Strong in-place income supported by a streamlined expense structure and post-renovation operations.
- Attractive basis relative to replacement cost for boutique-quality product in an urban infill location.
- Downtown Reno location supported by employment growth, housing constraints, and sustained renter demand.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
The Lucky
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
8555
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1954
PARKING SPACES
12
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
MU
APN/PARCEL ID
008-255-09
