1104 Ralston St - Multi-Family FOR SALE


Reno, NV 89503- West University
$1,325,000 USD
775-600-7264
1104 Ralston St, Reno, NV for Sale
$1,325,000 USD
Multi-Family - FOR SALE
1/14
null | 4.98% Cap Rate

1104 Ralston St
Reno, NV 89503
West University


HIGHLIGHTS

  • Fully Renovated
  • Large .275 Acre Lot Opportunity to Build Additional Units
  • Ample On-site Parking
  • In Unit Laundry

OVERVIEW

University Cottage at Ralston consists of one existing duplex and room to add additional units on the lot. The property sits on a large 0.275 acre lot with MF-14 zoning within the University rental submarket. There are a total of 9 bedrooms and 5.5 bathrooms. The property has been fully remodeled with tons of capex expenditures completed. This asset has newer tankless water heaters, multiple mini splits, recent exterior paint, newer roof, new electrical, new plumbing, and beautiful curb appeal. The interiors feature LVP and wood look tile flooring, wood beams, upgraded wall texture, full tile bathroom showers, modern wood look cabinets, and quartz countertops with stainless steel appliances. Tenants enjoy on-site parking on a larger private corner lot, in-unit laundry, walk around porch, and modern finishes with a classic feel throughout. It is also a short distance to the University of Nevada Reno making it a perfect student housing investment opportunity.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

2

PRICE/UNIT

$662,500

CAP RATE

4.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Cottage

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

MF14

APN/PARCEL ID

007-111-07

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.