Log In/Sign Up
Your email has been sent.
755 Moran St
Reno, NV 89502
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Prime Value-Add Investment – 8-Unit Multifamily in Midtown Reno
Discover an exceptional investment opportunity in the heart of Midtown Reno. This 8-unit multifamily property, built in 1971, offers significant value-add potential for investors looking to maximize cash flow and property appreciation. As identified in the income statement and marketing package, the current owner has invested significantly in property upgrades.
Each of the eight one-bedroom units spans approximately 675 square feet, featuring individual utility metering and functional layouts that present an ideal foundation for modernization. With strategic renovations, investors can enhance tenant appeal and capitalize on strong rental demand in this thriving neighborhood.
Unmatched Location & Growth Potential
Situated in a vibrant, walkable area, this property is just minutes from popular dining, shopping, and entertainment while providing easy access to public transit and major roadways. The Midtown rental market remains robust, making this asset perfectly positioned for those looking to reposition and optimize returns. Whether through cosmetic updates or full-scale renovations, the potential to increase rental income and property value is substantial.
Key Details:
• 100% leased property
• Do not disturb tenants. All offers must be contingent upon a property walkthrough.
• Available as part of a portfolio package with 760 Balzar Circle and 2908 Salem Place.
• Buyer and buyer’s agent to verify all information.
• Escrow has been pre-opened—please contact the listing agent for details.
For more information or to explore investment strategies, please contact the listing agent. This property is co-listed through the following Brokerages:
Henry Huang Kurt Okraski
Sierra Nevada Properties-Reno M&A Business Advisors
Realtor, Property Manager Managing Partner
NRED: S.176961/PM.166425 NRED: B.1002860/BUSB.7078
Cell: 775-525-1325 Cell: 775-203-0083
Email: henry@snphomes.com Email: kurt@mabusinessadvisors.com
Discover an exceptional investment opportunity in the heart of Midtown Reno. This 8-unit multifamily property, built in 1971, offers significant value-add potential for investors looking to maximize cash flow and property appreciation. As identified in the income statement and marketing package, the current owner has invested significantly in property upgrades.
Each of the eight one-bedroom units spans approximately 675 square feet, featuring individual utility metering and functional layouts that present an ideal foundation for modernization. With strategic renovations, investors can enhance tenant appeal and capitalize on strong rental demand in this thriving neighborhood.
Unmatched Location & Growth Potential
Situated in a vibrant, walkable area, this property is just minutes from popular dining, shopping, and entertainment while providing easy access to public transit and major roadways. The Midtown rental market remains robust, making this asset perfectly positioned for those looking to reposition and optimize returns. Whether through cosmetic updates or full-scale renovations, the potential to increase rental income and property value is substantial.
Key Details:
• 100% leased property
• Do not disturb tenants. All offers must be contingent upon a property walkthrough.
• Available as part of a portfolio package with 760 Balzar Circle and 2908 Salem Place.
• Buyer and buyer’s agent to verify all information.
• Escrow has been pre-opened—please contact the listing agent for details.
For more information or to explore investment strategies, please contact the listing agent. This property is co-listed through the following Brokerages:
Henry Huang Kurt Okraski
Sierra Nevada Properties-Reno M&A Business Advisors
Realtor, Property Manager Managing Partner
NRED: S.176961/PM.166425 NRED: B.1002860/BUSB.7078
Cell: 775-525-1325 Cell: 775-203-0083
Email: henry@snphomes.com Email: kurt@mabusinessadvisors.com
PROPERTY FACTS
| Price Per Unit | $187,250 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,440 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Building Class | C | ||
| Zoning | MF14 | ||
| Price Per Unit | $187,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,440 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | MF14 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,077 | 675 |
| 1+1 | 1 | $1,090 | - |
| 1+1 | 1 | $900.00 | - |
| 1+1 | 1 | $900.00 | - |
| 1+1 | 1 | $985.00 | - |
| 1+1 | 1 | $1,099 | - |
| 1+1 | 1 | $899.00 | - |
| 1+1 | 1 | $1,099 | - |
PROPERTY TAXES
| Parcel Number | 013-025-15 | Improvements Assessment | $54,724 |
| Land Assessment | $87,500 | Total Assessment | $142,224 |
PROPERTY TAXES
Parcel Number
013-025-15
Land Assessment
$87,500
Improvements Assessment
$54,724
Total Assessment
$142,224
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
