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Tahoe MidTown Flats 734 Tahoe St 6 Unit Apartment Building $2,495,000 ($415,833/Unit) Reno, NV 89509



INVESTMENT HIGHLIGHTS
- Low Maintenance New Construction
- 6 Total Spacious Units
- Excellent 1031 Exchange Replacement Property
- Custom Finishes Throughout
- Located in Reno’s Popular MidTown Submarket
- Excellent OBBBA 100% Bonus Depreciation Candidate
EXECUTIVE SUMMARY
Tahoe Midtown Flats consist of 6 units, constructed in 2024 with a diverse unit mix. This multifamily asset is located in popular the MidTown Reno Submarket. This Spanish Revival-inspired building offers a buyer a warrantied new modern design building with a popular unit mix. 4 one bedroom one bathroom units, 1 two bedroom two bathroom unit, and 1 three bedroom three bathroom unit. Each unit features custom finishes with large kitchens new washer dryers, larger closets, shaker style kitchen cabinets with crown molding trim, quartz counters, ceiling fans, and much more. Some units are designed to look and feel like a stand-alone house with vaulted ceilings, custom beams upgraded vanities, larger kitchens with islands, dining spaces, and class A fixtures throughout the unit. The common area is designed to enjoy the private outdoor space for all Northern Nevada’s great weather. Covered access points designed to make the apartments feel like they have grand entrances and proving protection from the weather. This is a great opportunity to acquire a well-built, low maintenance asset and is a great exchange property for an investor looking to reset their depreciation schedule and own multifamily units in a landlord friendly state.
The Tahoe Midtown Flats at 734 Tahoe Street in Reno, NV is located in MidTown Reno. The building is located 1 block from South Virginia St, which is right in the heart of the submarket proving a great live – work -play lifestyle. This popular location provides easy access to all Northern Nevada’s most popular events, restaurants, coffee shops, and bars.
The Tahoe Midtown Flats at 734 Tahoe Street in Reno, NV is located in MidTown Reno. The building is located 1 block from South Virginia St, which is right in the heart of the submarket proving a great live – work -play lifestyle. This popular location provides easy access to all Northern Nevada’s most popular events, restaurants, coffee shops, and bars.
PROPERTY FACTS
| Price | $2,495,000 | Building Class | B |
| Price Per Unit | $415,833 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,236 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | ||
| Zoning | MU-MC - Mixed Use Multi-Family | ||
| Price | $2,495,000 |
| Price Per Unit | $415,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 5,236 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | MU-MC - Mixed Use Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Picnic Area
- Tenant Controlled HVAC
- Smoke Free
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,700 | 798 |
| 2+2 | 1 | $1,900 | 903 |
| 3+3 | 1 | $2,500 | 1,596 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (84)
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Tahoe MidTown Flats | 734 Tahoe St
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