PRICE REDUCED! - Apartments FOR SALE


Reno, NV 89503- West University
$1,475,000 USD
775-823-4664
PRICE REDUCED!, Reno, NV for Sale
$1,475,000 USD
Apartments - FOR SALE
1/5
null | 6% Cap Rate

PRICE REDUCED!
Reno, NV 89503
West University


HIGHLIGHTS

  • Offered free and clear
  • Class A location is just blocks away from the University of Nevada, Reno campus
  • Priced well below replacement costs at $92,187 per unit
  • Interiors boast private studio units with bathrooms, private balconies or patios
  • Each quad configuration offers a fully shared kitchen and living room area

OVERVIEW

Located in a prime University location, 400 University Terrace is a 16-unit boutique student living opportunity located just blocks away from the University campus. Built in 2008, the asset offers private studio apartments with private bathrooms, private balconies or patios. Each four-bedroom configuration offers a full (shared) kitchen, living room area, and washer and dryer. Community amenities offer carports, mature landscaping and scenic views of downtown Reno. Multi Family price $1,475,000 (6.00% cap rate pro forma) For more information: Ben Nelson Cell: (775) 741-6260 ben.nelson@colliers.com Website: www.400universityterrace.com/

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

16

PRICE/UNIT

$92,188

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

400 University Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,985 SF

ZONING

MF30

APN/PARCEL ID

007-201-37

ASK ABOUT THIS PROPERTY

Ben Nelson, CCIMColliersMore Info
775-823-4664

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Ben Nelson, CCIMColliersMore Info
775-823-4664

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