496 Highland - Dormitory FOR SALE


Reno, NV 89512- West University
$1,000,000 USD
775-600-7264
496 Highland, Reno, NV for Sale
$1,000,000 USD
Dormitory - FOR SALE
1/9
null | Request Cap Rate

496 Highland
Reno, NV 89512
West University


HIGHLIGHTS

  • Student Housing
  • In-Unit Laundry
  • Fully Occupied

OVERVIEW

496 Highland Ave. is located within the University rental submarket and sits just east of the University of Nevada, Reno. This asset is 3 units consisting of a 4 bed 4 bath unit and two 2 bed 2 bath units, and the units are rented by the bedroom. Each bedroom gets its own full bath, and each unit features shared kitchen and laundry facilities. All utilities are included in the rent.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

8

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Student Housing

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,993 SF

ZONING

MF30

APN/PARCEL ID

007-076-03

ASK ABOUT THIS PROPERTY

Austyn MooreCBREMore Info
775-600-7264

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Austyn MooreCBREMore Info
775-600-7264

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