2025 Wedekind Rd
Reno, NV 89512
Multifamily Property For Sale · 16 Units

Located a short drive from the quickly growing University of Nevada, Reno campus, an area starved for housing, sits the Hillview Studios. This location has seen extensive growth and demand as the University has expanded their campus to accommodate the large number of students that are currently attending and the much larger number predicted within a few short years. The Tier-One University offers over 145 different degree programs, state-of-the-art facilities, and nationally ranked athletic programs, along with so much more to garner the students they have enrolled. The Hillview Studios have seen extensive renovations through 9 of the units and modest repairs throughout the rest, as the owner continues to renovate the remaining units. Each of the renovated units has received new appliances, kitchen cabinets, granite countertops, faucets, light fixtures, bathroom vanities, shower/tub enclosures, and vinyl-hardwood flooring in the downstairs units & carpet upstairs, along with new double-pane windows throughout. Further upside in rents can be captured by completing the remaining units to a level of renovation that the other units have experienced. Other potential avenues of rental increases include common area amenities, such as a BBQ/picnic area, and in-unit additions like a stacked washer/dryer combo.