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1104 Ralston St - University Cottage 2 Unit Apartment Building Offered at $1,325,000 at a 4.98% Cap Rate Reno, NV 89503
Investment Highlights
- Fully Renovated
- Ample On-site Parking
- Large .275 Acre Lot Opportunity to Build Additional Units
- In Unit Laundry
Executive Summary
University Cottage at Ralston consists of one existing duplex and room to add additional units on the lot. The property sits on a large 0.275 acre lot with MF-14 zoning within the University rental submarket. There are a total of 9 bedrooms and 5.5 bathrooms. The property has been fully remodeled with tons of capex expenditures completed. This asset has newer tankless water heaters, multiple mini splits, recent exterior paint, newer roof, new electrical, new plumbing, and beautiful curb appeal. The interiors feature LVP and wood look tile flooring, wood beams, upgraded wall texture, full tile bathroom showers, modern wood look cabinets, and quartz countertops with stainless steel appliances. Tenants enjoy on-site parking on a larger private corner lot, in-unit laundry, walk around porch, and modern finishes with a classic feel throughout. It is also a short distance to the University of Nevada Reno making it a perfect student housing investment opportunity.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,325,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $662,500 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 3,510 SF |
| Cap Rate | 4.98% | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1910/2023 |
| Property Type | Multifamily | ||
| Zoning | MF14 - 14 units per acre | ||
| Price | $1,325,000 |
| Price Per Unit | $662,500 |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Lot Size | 0.27 AC |
| Building Size | 3,510 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2023 |
| Zoning | MF14 - 14 units per acre |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Deck
- Double Pane Windows
- Family Room
- Instant Hot Water
- Linen Closet
- Patio
- Porch
- Vinyl Flooring
Site Amenities
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | - | 1,560 |
| 6+4 | 1 | - | 1,950 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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