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550 S Wells Ave
Reno, NV 89502
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 8,178 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1.47/1,000 SF |
| Zoning | CC | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,178 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | CC |
ABOUT 550 S WELLS AVE , RENO, NV 89502
12 Apartments: (5) 2 bedroom, (2) 1 bedroom , (5) Studio Units (1 studio is extra large). All units have 1 bathroom. Parcel #013-095-11 / .23 of an acre/ Total square footage (per Assessor) Living area: 6496 sq ft** Basement: 1682 sq ft** Finished Basement: 725 sq ft. Original construction 1940.... the quality of construction is almost timeless. Foundations, walls, original Brick exterior, etc. have all been preserved (as much as possible) with Owner upgrades. Current rents are under market. This Property appeals to the MIDTOWN LIFESTYLE. Property is primed for a NEW OWNER with vision, energy and management savvy to create a profit driven Investment. A Great Opportunity To Create A Thriving Micro Community! Owner is doing a 1031 Exchange
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 5 | - | - |
| Studios | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 013-095-11 | Improvements Assessment | $81,402 |
| Land Assessment | $115,938 | Total Assessment | $197,340 |
PROPERTY TAXES
