This property is Off-Market

1150 W 2nd St
Reno, NV 89503 ·

55 Units · Multifamily For Sale

N/A

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MULTIFAMILY INVESTMENT OPPORTUNITY

Price N/A Commission Split 3%
No. Units 55 No. Stories 1
Building Size 15,020 SF Year Built 1954
Property Type Multifamily Lot Size 42,000 SF
Property Sub-type
Garden/Low-Rise
More...
  • Multifamily (land)
  • Economy/ Limited Service
  • Full Service
APN / Parcel ID 010-044-01
Property Use Type Investment Parking Ratio 1.10 / 1,000 SF
Listing ID: 18114807 Date Created: 04/08/2013 Last Updated: 06/05/2013

Description

Property is a 55 units apartment community with 39 studios, 14 1 bed / 1 baths and 2 2 bed / 1 bath. Built in 1954 on the 42,000 sqft lot with 60 parking spaces.

Depending on the buyer's circumstances this property might be eligible for 1031 Exchange, as well as 401k and IRA financing.

Least expensive deal on the market with HUGE potential upside.

The target property is located in the heart of Reno, NV close to all major entertainment, employment and retail hubs. Just minutes away from Reno-Tahoe International Airport and University of Nevada.

Highlights

  • Multifamily Investment
  • Convenient Location
  • Close to Airport and University

Research

1150 W 2nd St, Reno, NV 89503 (Washoe County)

Reno Market Trends - Asking price index trends, sale price trends, asking rent trends

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