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46 W 10th St 13 Unit Apartment Building $983,000 ($75,615/Unit) 8.16% Cap Rate Reno, NV 89503
INVESTMENT HIGHLIGHTS
- 100% OCCUPIED + All Tenants, but one, have Lease Agreements into 2026!
EXECUTIVE SUMMARY
This captivating historic Victorian building is located in desirable NW Reno 1 block from UNR. It has up to 13 unique apartments/rooms from small to quite large. It is ideal for students & others & is walking distance to UNR, downtown Reno, restaurants & coffee shops. Many improvements have been done in the past few years including some LVP flooring, new exterior paint, plumbing upgrades, new door locks, & more. There are 5 parking spaces in the back alley plus plenty of street parking. BUYER TO VERIFY ALL.
The property is 89% occupied at this time! Only units #3 and #8 (8-11, the "4-Room Suite") are vacant and available to view at this time. Do not disturb tenants. If using the Supra i-Box please put key back in the lockbox when done viewing. MAIN/FRONT DOOR KEY-PAD UNLOCK INSTRUCTIONS: Turn swivel lock to an upright position. Place key into key slot. Push key in and hold it in while turning lock counter clockwise about 3 rotations. It should make a couple clicking noises, then stop spinning. Once it stops, turn the lock with your hand counter clockwise. It will unlock. Turn the door handle counter clockwise to open door. (If instructions are not followed the lock will just spin.) Thank you!
The property is 89% occupied at this time! Only units #3 and #8 (8-11, the "4-Room Suite") are vacant and available to view at this time. Do not disturb tenants. If using the Supra i-Box please put key back in the lockbox when done viewing. MAIN/FRONT DOOR KEY-PAD UNLOCK INSTRUCTIONS: Turn swivel lock to an upright position. Place key into key slot. Push key in and hold it in while turning lock counter clockwise about 3 rotations. It should make a couple clicking noises, then stop spinning. Once it stops, turn the lock with your hand counter clockwise. It will unlock. Turn the door handle counter clockwise to open door. (If instructions are not followed the lock will just spin.) Thank you!
PROPERTY FACTS Under Contract
| Price | $983,000 | Building Class | C |
| Price Per Unit | $75,615 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,324 SF |
| Cap Rate | 8.16% | No. Stories | 3 |
| No. Units | 13 | Year Built/Renovated | 1930/1990 |
| Property Type | Multifamily | Parking Ratio | 0.93/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF30 - Residential | ||
| Price | $983,000 |
| Price Per Unit | $75,615 |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,324 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1930/1990 |
| Parking Ratio | 0.93/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF30 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| Studios | 9 | - | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 007-181-02 | Improvements Assessment | $49,712 |
| Land Assessment | $59,220 | Total Assessment | $108,932 |
PROPERTY TAXES
Parcel Number
007-181-02
Land Assessment
$59,220
Improvements Assessment
$49,712
Total Assessment
$108,932
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VIDEOS
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Presented by
Hom Realty, LLC
46 W 10th St
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