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512 Crampton St 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 4.80% Cap Rate Reno, NV 89502
Investment Highlights
- Desirable Mid Town Location.
- Remodeled in 2021.
- Low Vacancy and Long Term tenants paying market rent.
Executive Summary
This exceptional multi-unit property is located in the heart of vibrant Midtown Reno, a sought-after neighborhood known for its eclectic charm, walkability, and thriving community atmosphere. Perfectly suited for investors or owner-occupiers, this property offers both comfort and convenience.
Property can be sold with two other multi-unit buildings located in Mid-Town area:
927-935 Wheeler Ave. Reno - $1.2M (5 units)
350-372 Wonder St. Reno - $2.6M (7 units)
Property can be sold with two other multi-unit buildings located in Mid-Town area:
927-935 Wheeler Ave. Reno - $1.2M (5 units)
350-372 Wonder St. Reno - $2.6M (7 units)
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,947 SF |
| Cap Rate | 4.80% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1954/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.77/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF-14 - Multi-Family Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,947 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2021 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | MF-14 - Multi-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 013-172-03 | Improvements Assessment | $38,583 |
| Land Assessment | $83,125 | Total Assessment | $121,708 |
Property Taxes
Parcel Number
013-172-03
Land Assessment
$83,125
Improvements Assessment
$38,583
Total Assessment
$121,708
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512 Crampton St
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