621TEN 621 Humboldt St 10 Unit Apartment Building $2,100,000 ($210,000/Unit) Reno, NV 89509

621 TEN IS A UNIQUE, 10-UNIT VALUE ADD OPPORTUNITY THAT HAS SOLID BONES INCLUDING SOLID BLOCK EXTERIOR, SECURE INTERIOR CORRIDORS, AND UPSIDE IN RENTS THROUGH IN UNIT RENOVATIONS. The unit mix consists of six 1 bedroom 1 bath units and four studio units. The interiors feature hard surface flooring, larger living rooms, and ample windows for natural light. The exterior features a larger lot with both covered and uncovered parking, classic brick design, and owner owned onsite laundry facilities. Upside in the rents in modernizing the interior finishes and increasing the rents to market rates. The heating system is a radiant baseboard heat and the air conditioning is seasonal window units. Tenants pay their own electrical. The property offers tenants great access to S Arlington Street, California Ave, Plumas Street, and S Virginia Street, allowing for walkability to experience the true live-work-play in Reno’s MidTown submarket. This is a great opportunity to acquire a well-located, multifamily property and is a great exchange property for an investor looking to reset their depreciation schedule and own multifamily units in a landlord friendly state.