4205 Neil Rd | Reno, NV 89502
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- LoopNet Team
4205 Neil Rd
Reno, NV 89502
Mountain Vista Apartments · Multifamily Property For Sale
·
88 Units
INVESTMENT HIGHLIGHTS
- Priced Well Below Replacement Costs at $136,364 Per Unit and $190 Per Square Foot
- Value-Add Opportunity
- In Excess of $1.3M in Capital Improvements
- Major Renovations to the Unit Interiors and Exteriors Began in 2018 and 2019
- 53 Units Fully Renovated Along With Major Exterior Renovations
- Pro Forma Cap Rate of 7.22%
PROPERTY FACTS
| No. Units | 88 | Building Size | 63,012 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1977/2019 |
| Building Class | B | Parking Ratio | 2.38/1,000 SF |
| Lot Size | 2.97 AC | ||
| Zoning | MUCC | ||
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.97 AC |
| Building Size | 63,012 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2019 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | MUCC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Lawn
- Linen Closet
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Pet Play Area
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | $910.00 | 650 |
| 2+1 | 52 | $1,075 | 672 - 844 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $713,590 | |
| Land Assessment | $677,600 | Total Assessment | $1,391,190 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$677,600
Improvements Assessment
$713,590
Total Assessment
$1,391,190
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