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Willow Crossing 175 Locust St 10 Unit Apartment Building $3,250,000 ($325,000/Unit) 4.58% Cap Rate Reno, NV 89502
Investment Highlights
- 2005 construction
- Stucco exterior
- All 2 bed 2 bath units with in unit washer/dryers
- Within Renown Medical District
Executive Summary
Willow Crossing features 10 two bedroom two bathroom larger 957 + sq ft units. The property sits on a large 0.30 acre lot with a security fence and gated access points. Tenants enjoy secure on-site parking, in-unit laundry, and modern finishes include LVP flooring, granite countertops, gas stoves, tile bathroom showers, and balconies.
Willow Crossing 10 are market rate housing, located within the Renown Medical District that is well-positioned to attract tenants from all industries including healthcare professionals, medical staff, and other residents seeking convenience to downtown, MidTown, and the University of Nevada Reno. The Renown Medial District offers tenant walking access to one of our areas largest employers Reno Medical Center.
Willow Crossing 10 are market rate housing, located within the Renown Medical District that is well-positioned to attract tenants from all industries including healthcare professionals, medical staff, and other residents seeking convenience to downtown, MidTown, and the University of Nevada Reno. The Renown Medial District offers tenant walking access to one of our areas largest employers Reno Medical Center.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,250,000 | Building Class | C |
| Price Per Unit | $325,000 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 9,568 SF |
| Cap Rate | 4.58% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MU - Mixed Use | ||
| Price | $3,250,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 4.58% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 9,568 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | MU - Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 10 | $1,570 | 957 |
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Exceptionally walkable
90/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 012-141-13 | Total Assessment | $454,771 (2026) |
| Land Assessment | $105,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $349,771 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
012-141-13
Land Assessment
$105,000 (2026)
Improvements Assessment
$349,771 (2026)
Total Assessment
$454,771 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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