Listed by NAI Alliance - Reno
Unpriced
The Point - West University
Details
APN 006-151-06.
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,400
Net Rentable (SqFt) 32,400
Units 124
Occupancy 75%
Pro-Forma Cap Rate 5.00%
Year Built 1974
Year Renovated 2024
Buildings 3
Stories 2
Acreage 1.960
Occupancy Date 09/17/2025
Multifamily | 124 Units | $0/unit
Marketing description
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 are filling up fast. Construction was
completed in early November, 2023, and leasing has been moving quickly.
Contact broker for pricing guidance.
Listing Contacts
Listed by NAI Alliance - Reno
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