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Manzanita Manor 1133 Buena Vista Ave 32 Unit Apartment Building $3,700,000 ($115,625/Unit) 5.14% Cap Rate Reno, NV 89503
Investment Highlights
- Better known as the Manzanita Manor apartment complex.
- Potential for rent increases.
- Ideal for student-housing.
Executive Summary
DCG is pleased to present 1133 Buena Vista Ave for sale. This well-located multifamily asset sits just off North Sierra Street and North Virginia Street, offering excellent proximity to the University of Nevada, Reno. The property features a freestanding three-story apartment building situated above a secured ground-floor parking garage. The units are turn-key, benefitting from recent interior renovations that include updated flooring, modern kitchen cabinetry, and refreshed common areas. This clean, well-maintained complex provides strong appeal for both student and workforce housing demand in the surrounding area.
Property Facts
| Price | $3,700,000 | Building Class | C |
| Price Per Unit | $115,625 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 20,124 SF |
| Cap Rate | 5.14% | Average Occupancy | 84% |
| No. Units | 32 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 2.58/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF30 | ||
| Price | $3,700,000 |
| Price Per Unit | $115,625 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 20,124 SF |
| Average Occupancy | 84% |
| No. Stories | 3 |
| Year Built | 1981 |
| Parking Ratio | 2.58/1,000 SF |
| Zoning | MF30 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | - | 200 |
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Property Taxes
| Parcel Number | 007-114-08 | Improvements Assessment | $102,044 |
| Land Assessment | $347,200 | Total Assessment | $449,244 |
Property Taxes
Parcel Number
007-114-08
Land Assessment
$347,200
Improvements Assessment
$102,044
Total Assessment
$449,244
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Manzanita Manor | 1133 Buena Vista Ave
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