29 S Park St - Apartments FOR SALE


Reno, NV 89502- Midtown Reno
$900,000 USD
775-470-8873
29 S Park St, Reno, NV for Sale
$900,000 USD
Apartments - FOR SALE
1/8
null | 4.64% Cap Rate

29 S Park St
Reno, NV 89502
Midtown Reno


HIGHLIGHTS

  • Offered Free and Clear
  • Priced below replacement costs at $225,000 per unit
  • Renovated four units have been renovated with new luxury vinyl plank (LVP), quartz countertops, shaker kitchen cabinets, stainless steel appliances
  • Value-add potential through rent growth and adding RUBS
  • Exponential growth to downtown Reno with mixed-use development, major employment, and the University of Nevada, Reno

OVERVIEW

Kidder Mathews is pleased to present an 4-unit investment located near Downtown Reno at 29 Park Street. This is a prime investment opportunity located near the Truckee River in the heart of downtown Reno. The asset includes One – one bed/one-bath unit; Two – two bed/one and a half bath units; and One – two bed/one bath unit totaling 2,940 square feet. All four units have been renovated with new luxury vinyl plank (LVP), quartz countertops, shaker kitchen cabinets, stainless steel appliances, new bathroom vanities, brushed nickel finishes and more. Each unit offers a stackable washer and dryer. Common area amenities feature professional management, fenced yard, close to bus line, on-site parking.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

4.64%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

MUDR

APN/PARCEL ID

012-015-05

ASK ABOUT THIS PROPERTY

Ben Nelson, CCIMKidder MathewsMore Info
775-470-8873

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Ben Nelson, CCIMKidder MathewsMore Info
775-470-8873

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