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214 West St
Reno, NV 89501
The Windsor · Multifamily Property For Sale
·
53 Units
PROPERTY FACTS
| No. Units | 53 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 21,563 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Mid-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1922/2018 |
| Zoning | MUDR - Zoned MD - Entertainment District. Master Lease Opportunity for Behavioral Health, Detox, Program for people coming out of addictions, multifamily. | ||
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 21,563 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1922/2018 |
| Zoning | MUDR - Zoned MD - Entertainment District. Master Lease Opportunity for Behavioral Health, Detox, Program for people coming out of addictions, multifamily. |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Microwave
- Heating
- High Speed Internet Access
- Refrigerator
- Wi-Fi
- Smoke Free
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Smoke Free
- Wi-Fi
- Community-Wide WiFi
- Lounge
- Public Transportation
ABOUT 214 WEST ST , RENO, NV 89501
Located in the heart of Downtown Reno, The Windsor is a resplendent example of old world charm and gracious hospitality. Built in 1922, this single-building brick structures offers 53 efficiency units, 23 units share community bathrooms and 30 units have in unit bathrooms. This quaint building sits on a 0.161 acre site and provides its residents who prefer an urban lifestyle with the many amenities of the city life. The Windsor is currently one of the few properties to offer "Downtown Living" in Reno, Nevada. The property is the former and historic Windsor Motel which was recently renovated and brought to its current condition. The transition came about as a need for downtown housing was realized and the opportunity captured by the current owner. This same opportunity to claim an asset with such a prime location and living demand is now being offered to the public. The three-story asset is one of the last remaining historical structures in downtown Reno. The Windsor is currently performing beyond the owner's expectations, with rents exceeding those speculated upon acquisition, and a rapid stabilization period bringing the property to its current position. The asset is located in the "Opportunity Zone," allowing for a long=term tax advantage. Opportunity Zones are designed to supr economic development by providing tax incentives to investors.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 23 | $600.00 | 300 |
| Studios | 30 | $725.00 | 300 |
PROPERTY TAXES
| Parcel Number | 011-032-11 | Improvements Assessment | $212,366 |
| Land Assessment | $64,925 | Total Assessment | $277,291 |
PROPERTY TAXES
