1607 S Virginia St - Apartments FOR SALE


Reno, NV 89502- Midtown Reno
$2,725,000 USD
775-348-5226
1607 S Virginia St, Reno, NV for Sale
$2,725,000 USD
Apartments - FOR SALE
1/32
null | 7.01% Cap Rate

1607 S Virginia St
Reno, NV 89502
Midtown Reno


OVERVIEW

DO NOT DISTURB TENANTS - CALL LISTINGS AGENTS FOR QUESTIONS OR TOUR REQUESTS Going in CAP Rate of 7.01% Ownership has invested over $1.8 million into the asset Private Financing Options Available High Rent Growth Market Priced Significantly Below Replacement Cost Prime MidTown Location - Walking Distance to Restaurants, Boutiques, & Nightlife

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

21

PRICE/UNIT

$129,762

CAP RATE

7.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kramer's Midtown Studios

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,548 SF

ZONING

MU-MC

APN/PARCEL ID

014-251-16

ASK ABOUT THIS PROPERTY

Ryan RifeMarcus & MillichapMore Info
775-348-5226

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Ryan RifeMarcus & MillichapMore Info
775-348-5226

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