500 Linden St
Reno, NV 89502
La Casa Arms Apartments · Multifamily Property For Sale
·
69 Units
Property Facts
| No. Units | 69 | Lot Size | 1.85 AC |
| Property Type | Multifamily | Building Size | 46,295 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.23/1,000 SF |
| Zoning | MF30 | ||
| No. Units | 69 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.85 AC |
| Building Size | 46,295 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | MF30 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walking/Biking Trails
- Walk-Up
About 500 LINDEN ST , RENO, NV 89502
La Casa Arms Apartments is a unique opportunity to purchase a 69-unit apartment complex with nearly all units classified as condominiums with separate parcel numbers. This value-add opportunity currently has well below market rents in place with considerable room for increases. The property consists of 49 one-bedroom, one-bath units, 18 two-bedroom, one-bath units, 1 three-bedroom, 1-bath unit, and 1 studio unit, totaling 46,295 +/- square f.eet. Amenities include on-site laundry facilities which consist of 5 washing machines and 6 dryers, approximately 106 parking spaces, & close access to public transportation. All units include wall-mounted air conditioning, baseboard heating, and basic appliances. This is a great opportunity to invest in a growing market with extremely high rental demand. 500 Linden Street, provides tenants with direct and easy access to bus routes, the Reno Tahoe International Airport, Highway 395, schools and employers in the area. The property is walkable to many shops, restaurants, and services in the immediate Downtown and MidTown Reno areas development and redevelopment nearby is creating a vibrant community for tenants living in the area. The subject property is within the designated Opportunity Zone maps.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 49 | $700.00 | 608 - 623 |
| 2+1 | 18 | $825.00 | 763 - 790 |
| Studios | 1 | $550.00 | - |
| 3+1 | 1 | $900.00 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $446,230 | |
| Land Assessment | $492,800 | Total Assessment | $939,030 |
Property Taxes
