230 Marsh Ave - Apartments FOR SALE


Reno, NV 89509- Midtown Reno
$2,300,000 USD
775-750-6429
230 Marsh Ave, Reno, NV for Sale
$2,300,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

230 Marsh Ave
Reno, NV 89509
Midtown Reno


HIGHLIGHTS

  • 8 Large 680 sqft 1 Bed 1 Bath Units
  • Popular MidTown Location
  • Roof Replaced in 2022
  • Ample Onsite Parking

OVERVIEW

The Marsh at Southwest consists of 8 units, constructed in 1978 with half the units receiving Class A interior remodels completed in the last 3 years. This multifamily asset is located in popular the Old Southwest part of MidTown in Reno, NV. This classic but modern building offers a Buyer a beautifully remodeled apartment building that also had the roof replaced in 2022. This garden style property offers 8 large 680 sqft +/- one-bedroom one-bathroom units, on-site parking, common courtyard with mature landscaping, storage areas, and shared laundry room. Each renovated unit features custom finishes with large kitchens, shaker style kitchen cabinets, custom tile back splash, quartz counters, stainless steel appliances, larger primary closets, custom tile bathroom finishes, and much more. The unrenovated units feature linoleum entryway, carpet in the living areas and formica countertops. 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-built, renovated asset with plus side in finishing half the units, and is a great exchange property for an investor in one of Reno’s most sought-after rental markets in northern Nevada. The Marsh at Southwest is located at 230 Marsh Ave, in Reno, NV. The location is in the Old Southwest – MidTown Reno Submarket. 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

$2,300,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marsh @ Southwest | MidTown 8-plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,754 SF

ZONING

MU-RES

APN/PARCEL ID

011-222-15

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.