1901 South Virginia Street - The Point Midtown
Multifamily | 117 Units
Marketing description
The subject property was originally a two-story motel built in 1966.
The building is ±33,288 square feet, situated on ±1.897 acres
zoned Mixed-Use Urban.
1901 S Virginia Street is in downtown/MidTown is close to
Highway 395/I-580. Assessor’s Parcel Numbers is 019-051-15.
The highly visible and easily accessible locations feature 117
rehabilitated studio apartments.
Investment highlights
NAI Alliance is pleased to present this major re-positioning by
Repvblik Development Group, with multifamily compliant upgrades
to electrical, plumbing, and life-safety systems. This project
is designed to accommodate Reno’s enormous demand for
workforce housing, and as such, these newly remodeled studios
are priced affordably and are filling up fast.
Now Stabilized! Call for pricing guidance.
The sister property at 1400 Stardust is also available and will begin lease up within the month. It can also be purchased at the same per unit cost, or at a discount pre-leasing. Contact Brian Egan for detail.
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