1224 Berrum Ln | Reno, NV 89509
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This Multifamily Property is no longer advertised on LoopNet.com.
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
Listing ID: 27349468
Date on Market: 12/19/2022
Last Updated:
Address: 1224 Berrum Ln, Reno, NV 89509
The Virginia Lake Multifamily Property at 1224 Berrum Ln, Reno, NV 89509 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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