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446 Roberts St - The Roberts Lofts 2 Unit Apartment Building Offered at $750,000 Reno, NV 89502
INVESTMENT HIGHLIGHTS
- Modern Newer Construction
- Desirable Location
- In-Unit Washer and Dryer
- Excellent OBBBA 100% Bonus Depreciation Candidate
EXECUTIVE SUMMARY
2019 built modern duplex in the highly desirable MidTown location of Reno. Each unit features 750 square feet 1 bedroom, 1.5 bathrooms with large separate lofts. Units were designed with contemporary finishes including LVP flooring, stainless steel appliances, large, tiled walk-in showers and concrete flooring downstairs. On-site parking, in unit laundry and fenced in yard areas are make this property even more attractive.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $750,000 | Lot Size | 0.07 AC |
| Price Per Unit | $375,000 | Building Size | 1,500 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | GC | ||
| Price | $750,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
| Opportunity Zone |
Yes |
| Zoning | GC |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Yard
- Double Pane Windows
- Family Room
- Loft Layout
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 2 | $1,825 | 750 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (84)
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446 Roberts St - The Roberts Lofts
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