1275 Berrum Ln - Apartments FOR SALE


Reno, NV 89509- Virginia Lake
$1,175,000 USD
775-750-6429
1275 Berrum Ln, Reno, NV for Sale
$1,175,000 USD
Apartments - FOR SALE
1/32
null | 6.12% Cap Rate

1275 Berrum Ln
Reno, NV 89509
Virginia Lake


HIGHLIGHTS

  • Incredible SW Reno Location
  • Quaint Tenant Courtyard Area
  • Upside in Rents

OVERVIEW

The Berrum Village is located within the Southwest Reno submarket. This classic yet modern building offers a buyer a beautifully remodeled apartment building with classic brick finishes. This garden style multifamily asset offers 5 one bedroom one bathroom and 2 studio units, on-site parking, a common courtyard, and storage areas. Each unit features classic finishes, shaker style kitchen cabinets, tile bathroom finishes, and much more. The common area is designed to enjoy the private outdoor space for all Northern Nevada’s great weather. This is a great opportunity to acquire a well maintained asset in a solid rental submarket. The Berrum Village is located at 1275 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

$1,175,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

7

PRICE/UNIT

$167,857

CAP RATE

6.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Berrum Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

MF-30

APN/PARCEL ID

019-303-45

ASK ABOUT THIS PROPERTY

Ben GallesCBREMore Info
775-750-6429

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Ben GallesCBREMore Info
775-750-6429

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