205 W 10th St - Apartments FOR SALE


Reno, NV 89503- West University
$1,250,000 USD
775-750-6429
205 W 10th St, Reno, NV for Sale
$1,250,000 USD
Apartments - FOR SALE
1/24
null | 5.84% Cap Rate

205 W 10th St
Reno, NV 89503
West University


HIGHLIGHTS

  • Close Proximity to The University of Nevada Reno
  • Diverse Mix of 1, 2 and 3 bed units
  • Remodeled 3 Bed 2 Bath Unit is Vacant For a Potential Owner Occupant
  • Cap Ex Include New Roofs, Remodeled 3 Bed 2 Bath Unit, & Much More

OVERVIEW

The 5 on 10th is within the University District just a few blocks from the University of Nevada, Reno. This prime location provides tenants the ability to walk to class avoiding expensive parking fees charged by the university. The front duplex consists of two large 3 bed units while the back triplex consists of two 1 bed 1 bath units and one 2 bed 1 bath unit and a 2-car garage. One of the units in the back triplex is a non-conforming, non-permitted unit. Recent improvements include a full remodel of the 3 bed 2 bath unit, new roofs on both buildings, and the front building has been recently painted. Upside in rents by implementing in-unit remodeling on the remaining units and raising rents to market. Also potential to have your future Wolfpack student live in a unit and rent the rest of the units. The property has a shared laundry area that is owned by the owner.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

5.84%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 on 10th -Major Recent CapEx

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MF30

APN/PARCEL ID

007-152-09

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 Policy.