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1046 Berrum Ln
Reno, NV 89509
Berrum Park Condos · Multifamily Property For Sale
·
10 Units
Investment Highlights
- All 2 Bed 1.5 Bath Townhome Style Units
- 6 Individual APN's
- Popular SW Reno Location
- All Units Have Fenced Yards & Balconies
- Onsite Laundry
Executive Summary
The 10 units at 1030-1046 Berrum Lane in Reno, NV consists of 5 separate duplex units, all on their own parcel number, that feature 2 bedroom 1.5 bathroom, 1,040 sqft townhome style units. Each unit features fenced yards and balconies, which are big selling points for tenants when they are looking for rentals. The property has ample parking for all units and has mature trees. There is a common laundry area. Upside to modernizing interiors and raising rents to market.
The Berrum Park Condos are located at 1030-1046 Berrum Lane, in Reno, NV. The location is in the Southwest Reno Submarket close to the Reno Tennis Center and the Washoe Golf Course. 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.
The Berrum Park Condos are located at 1030-1046 Berrum Lane, in Reno, NV. The location is in the Southwest Reno Submarket close to the Reno Tennis Center and the Washoe Golf Course. 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.
Property Facts Under Contract
| Price Per Unit | $260,000 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 10,400 SF |
| Cap Rate | 5.31% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Zoning | MF-30 - Multifamily 30 units per acre | ||
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| No. Units | 10 |
| Property Type | Multifamily |
| Lot Size | 0.46 AC |
| Building Size | 10,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Zoning | MF-30 - Multifamily 30 units per acre |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | $1,775 | 1,040 |
Property Taxes
| Parcel Number | 019-400-01 | Improvements Assessment | $30,109 |
| Land Assessment | $17,640 | Total Assessment | $47,749 |
Property Taxes
Parcel Number
019-400-01
Land Assessment
$17,640
Improvements Assessment
$30,109
Total Assessment
$47,749
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