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1275 Berrum Ln
Reno, NV 89509
Berrum Village | 7-Unit Value Play · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Incredible SW Reno Location
- Upside in Rents
- Quaint Tenant Courtyard Area
Executive Summary
The Berrum Village is located within the Southwest Reno submarket. This classic yet modern building offers a buyer a beautifully remodeled apartment building with classic brick finishes. This garden style multifamily asset offers 5 one bedroom one bathroom and 2 studio units, on-site parking, a common courtyard, and storage areas. Each unit features classic finishes, shaker style kitchen cabinets, tile bathroom finishes, and much more. The common area is designed to enjoy the private outdoor space for all Northern Nevada’s great weather. This is a great opportunity to acquire a well maintained asset in a solid rental submarket.
The Berrum Village is located at 1275 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 Village is located at 1275 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
| Price Per Unit | $167,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.75% | Building Size | 4,080 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1944 |
| Apartment Style | Low-Rise | ||
| Zoning | MF-30 - Multifamily | ||
| Price Per Unit | $167,857 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1944 |
| Zoning | MF-30 - Multifamily |
Amenities
Unit Amenities
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $950.00 | 350 |
| 1+1 | 5 | $1,175 | 350 |
Property Taxes
| Parcel Number | 019-303-45 | Improvements Assessment | $72,187 |
| Land Assessment | $90,090 | Total Assessment | $162,277 |
Property Taxes
Parcel Number
019-303-45
Land Assessment
$90,090
Improvements Assessment
$72,187
Total Assessment
$162,277
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