1046 Berrum Ln - Multi-Family FOR SALE


Reno, NV 89509- Virginia Lake
$2,600,000 USD
775-600-7264
1046 Berrum Ln, Reno, NV for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/18
null | 5.31% Cap Rate

1046 Berrum Ln
Reno, NV 89509
Virginia Lake


HIGHLIGHTS

  • All 2 Bed 1.5 Bath Townhome Style Units
  • All Units Have Fenced Yards & Balconies
  • 6 Individual APN's
  • Onsite Laundry
  • Popular SW Reno Location

OVERVIEW

The 10 units at 1030-1046 Berrum Lane in Reno, NV consists of 5 separate duplex units, all on their own parcel number, that feature 2 bedroom 1.5 bathroom, 1,040 sqft townhome style units. Each unit features fenced yards and balconies, which are big selling points for tenants when they are looking for rentals. The property has ample parking for all units and has mature trees. There is a common laundry area. Upside to modernizing interiors and raising rents to market. The Berrum Park Condos are located at 1030-1046 Berrum Lane, in Reno, NV. The location is in the Southwest Reno Submarket close to the Reno Tennis Center and the Washoe Golf Course. This submarket is in the heart of Reno, providing a great live – work – play lifestyle. This popular location provides easy access to all Northern Nevada’s most popular events, restaurants, coffee shops, and bars.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

10

PRICE/UNIT

$260,000

CAP RATE

5.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Berrum Park Condos

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MF-30

APN/PARCEL ID

019-400-01

ASK ABOUT THIS PROPERTY

Austyn MooreCBREMore Info
775-600-7264

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Austyn MooreCBREMore Info
775-600-7264

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.