175 Locust St - Apartments FOR SALE


Reno, NV 89502- Midtown Reno
$3,250,000 USD
775-750-6429
175 Locust St, Reno, NV for Sale
$3,250,000 USD
Apartments - FOR SALE
1/16
null | 4.58% Cap Rate

175 Locust St
Reno, NV 89502
Midtown Reno


HIGHLIGHTS

  • 2005 construction
  • All 2 bed 2 bath units with in unit washer/dryers
  • Stucco exterior
  • Within Renown Medical District

OVERVIEW

Willow Crossing features 10 two bedroom two bathroom larger 957 + sq ft units. The property sits on a large 0.30 acre lot with a security fence and gated access points. Tenants enjoy secure on-site parking, in-unit laundry, and modern finishes include LVP flooring, granite countertops, gas stoves, tile bathroom showers, and balconies. Willow Crossing 10 are market rate housing, located within the Renown Medical District that is well-positioned to attract tenants from all industries including healthcare professionals, medical staff, and other residents seeking convenience to downtown, MidTown, and the University of Nevada Reno. The Renown Medial District offers tenant walking access to one of our areas largest employers Reno Medical Center.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

10

PRICE/UNIT

$325,000

CAP RATE

4.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willow Crossing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

MU

APN/PARCEL ID

012-141-13

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.