175-197 E Grove St | Reno, NV 89502
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- LoopNet Team
175-197 E Grove St
Reno, NV 89502
The Lotus at Midtown · Multifamily Property For Sale
·
71 Units
INVESTMENT HIGHLIGHTS
- Priced Well Below Replacement Costs at $120,000 Per Unit and $214 Per Square Foot
- Comparable Sales For Other One-Bedroom Units at $96,000 (Sold 10/09/2020)
- Reno Experience District Immediately Adjacent with "Class A" Apartments Under Construction
- Condo Mapped For all 71 Units
- All Units Renovated By Dennis Banks Construction in 2004
- Exponential Retail & Employment Growth Nearby Including Reno Public Market, RED Reno, Peppermill Casino-Resort
PROPERTY FACTS
| No. Units | 71 | Building Size | 48,000 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1982/2005 |
| Building Class | C | Parking Ratio | 3.71/1,000 SF |
| Lot Size | 1.47 AC | ||
| Zoning | MU - Mixed Use Urban | ||
| No. Units | 71 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 48,000 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2005 |
| Parking Ratio | 3.71/1,000 SF |
| Zoning | MU - Mixed Use Urban |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Walk-In Closets
- Wi-Fi
- Grill
- Linen Closet
- Vinyl Flooring
SITE AMENITIES
- Clubhouse
- Fenced Lot
- Laundry Facilities
- Playground
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 49 | $925.00 | - |
| 2+2 | 22 | $1,300 | - |
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