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467-499 Capitol Hill Ave
Reno, NV 89502
Multifamily Property For Sale
·
31 Units
PROPERTY FACTS
| No. Units | 31 | Lot Size | 0.72 AC |
| Property Type | Multifamily | Building Size | 16,740 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 2.87/1,000 SF |
| Zoning | MF30 | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 16,740 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.87/1,000 SF |
| Zoning | MF30 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Courtyard
- Laundry Facilities
ABOUT 467-499 CAPITOL HILL AVE , RENO, NV 89502
Reno, Nevada is undergoing a renaissance unlike ever before seen. The art and culture, tech companies and startups, and massive population influx has poised the city for years of sustained growth and excitement to attract more business and people to the area . Two of the biggest locations in Reno receiving the most attention are the Midtown District and the new Park Lane community. Midtown has reached the attention of people from all over the country; an area that has captivated citizens, businesses, and investors as one of the hottest and most desired locations in all of Reno . Midtown Reno is an area undergoing a current gentrification to help businesses, improve living standards, and grow the art and culture experience for years to come. Park Lane is another aspect of the City where we are seeing a long-term investment for a new master-planned community in the location of the former Park Lane Shopping Center. The location is expected to entail dining, retail, and lifestyle and experience driven businesses anticipated to becoming one of Reno's most trafficked locations. At the cross-section of both Midtown and Park Lane is the next opportunity for an investor to position themselves in the ever-growing neighborhoods surrounding these two hotspots. The Capitol Hill Apartments are located a short walk to either location, bringing consistent tenants to the area as one of the most desired places to live.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | $950.00 | 540 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $276,363 | |
| Land Assessment | $238,700 | Total Assessment | $515,063 |
PROPERTY TAXES
