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The Point West University 1400 Stardust St 124 Unit Apartment Building For Sale Reno, NV 89503
EXECUTIVE SUMMARY
Leasing quickly. Call for UPDATED pricing guidance.
NAI Alliance is pleased to present this major re-positioning by Repvblik Development Group, with multifamily-compliant upgrades to electrical, plumbing, and life-safety systems. This project is designed to accommodate Reno’s enormous demand for workforce housing, and as such, these newly remodeled studios are priced affordably and will fill up fast. Construction was completed in early November 2023, and pre-leasing has already begun. Its sister property in MidTown achieved 68% leased this month.
The subject propertie was originally a two-story motel built in 1974. The buildings is ±32,400 square feet, situated on ±1.96 acres zoned General Commercial.
1400 Stardust Street is in northwest Reno, is close to Interstate 80. Assessor’s Parcel Numbers are 006-151-06. The highly visible and easily accessible location feature 124 rehabilitated studio apartments.
There are currently 6 similar properties on the market within 10 miles distance of the Subject Property.
NAI Alliance is pleased to present this major re-positioning by Repvblik Development Group, with multifamily-compliant upgrades to electrical, plumbing, and life-safety systems. This project is designed to accommodate Reno’s enormous demand for workforce housing, and as such, these newly remodeled studios are priced affordably and will fill up fast. Construction was completed in early November 2023, and pre-leasing has already begun. Its sister property in MidTown achieved 68% leased this month.
The subject propertie was originally a two-story motel built in 1974. The buildings is ±32,400 square feet, situated on ±1.96 acres zoned General Commercial.
1400 Stardust Street is in northwest Reno, is close to Interstate 80. Assessor’s Parcel Numbers are 006-151-06. The highly visible and easily accessible location feature 124 rehabilitated studio apartments.
There are currently 6 similar properties on the market within 10 miles distance of the Subject Property.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.94 AC |
| No. Units | 124 | Building Size | 72,400 SF |
| Property Type | Multifamily | Average Occupancy | 8% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2023 |
| Building Class | C | Parking Ratio | 2.78/1,000 SF |
| Zoning | Commercial - 124 unit Multi-Family | ||
| Sale Type | Investment |
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.94 AC |
| Building Size | 72,400 SF |
| Average Occupancy | 8% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | Commercial - 124 unit Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 124 | - | 206 |
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 006-151-06 | Improvements Assessment | $683,317 |
| Land Assessment | $947,100 | Total Assessment | $1,630,417 |
PROPERTY TAXES
Parcel Number
006-151-06
Land Assessment
$947,100
Improvements Assessment
$683,317
Total Assessment
$1,630,417
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The Point West University | 1400 Stardust St
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