1224 Berrum Ln | Reno, NV 89509
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- LoopNet Team
1224 Berrum Ln
Reno, NV 89509
UNDER CONTRACT · Multifamily Property For Sale
·
100 Units
INVESTMENT HIGHLIGHTS
- Tremendous Value Add Potential
- All Exterior Buildings Completely Re-Sided (2021-2022)
- Prime Employment Sector Including Peppermill Casino-Resort, and Atlantis Casino-Resort
- Priced Well Below Replacement Costs at $195,000 Per Unit
- Class A Location Surrounded by Golf Course, Growing Retail, Schools and Virginia Lake
- Amenities Include On Site Rental Office, Swimming Pool, Dog Park Area, Abundant Parking
PROPERTY FACTS
| No. Units | 100 | Building Size | 91,556 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 4.20 AC | ||
| Zoning | MF30 - Multifamily | ||
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.20 AC |
| Building Size | 91,556 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | MF30 - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Heating
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Patio
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Security System
- Pet Play Area
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | 400 |
| 1+1 | 26 | - | 710 |
| 2+1 | 10 | - | 900 - 925 |
| 2+2 | 48 | - | 1,140 - 1,170 |
| 3+2 | 8 | - | 1,350 |
PROPERTY TAXES
| Parcel Number | 019-331-22 | Improvements Assessment | $874,002 |
| Land Assessment | $882,000 | Total Assessment | $1,756,002 |
PROPERTY TAXES
Parcel Number
019-331-22
Land Assessment
$882,000
Improvements Assessment
$874,002
Total Assessment
$1,756,002
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