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1365 Stardust St
Reno, NV 89503
Stardust Apartments · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.36 AC |
| Property Type | Multifamily | Building Size | 6,272 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Zoning | MF30 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 6,272 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | MF30 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Laundry Facilities
ABOUT 1365 STARDUST ST , RENO, NV 89503
The Stardust Apartments are a value add 16 unit apartment investment that consists of 2 separate 8 unit complexes and sits on 0.37 acres. Built in 1964, the unit mix consists of 9 one bedroom 1 bath units (approximately 672 +/- sqft), 6 two bedroom 1 bath units (approximately 896 +/- sqft), and 1 three bedroom 1 bath unit (approximately 1,120 sqft). Many of the current tenants have occupied their units for several years and are paying rents that are well below market. Each unit has a gas or electric furnace, electric stove, & separate gas or electric water heater. Other features include a flat roof, 6 covered parking spots, 8 uncovered parking spots, ample street parking, walking distance to shopping and entertainment, owner owned coin op laundry units, and many units have window AC units. Tenants pay gas, electric and owners pay water, sewer, and garbage. The property appraised at $1,250,000 in August of 2016. The Stardust Apartments are located at 1365 and 1395 Stardust Street in Reno, NV. Its nearest major cross street is Keystone Ave. It is a short distance to the Interstate 80, Saint Mary’s Hospital, Downtown Reno, The University of Nevada Reno, shopping, bus lines, and much more. According to the 3rd quarter 2017 Johnson Perkins Griffin Apartment Survey Report, vacancy in the Northwest Reno submarket where the property is located is approximately 1.76% +/-.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $400.00 | 672 |
| 2+1 | 6 | $585.00 | 896 |
| 3+1 | 1 | $650.00 | 1,120 |
PROPERTY TAXES
| Parcel Number | 006-165-04 | Improvements Assessment | $66,532 |
| Land Assessment | $74,200 | Total Assessment | $140,732 |
PROPERTY TAXES
