Listed by CBRE Reno, CBRE - Reno
$1,300,000
Midtown Village Six
Details
APN 014-053-01
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,930
Units 6
Cap Rate 4.57%
NOI $59,461
Occupancy 100%
Price per SqFt $444
Year Built 1946
Buildings 1
Stories 2
Acreage 0.140
Zoning MU-Res
Popular Midtown Submarket | 6 Units
Marketing description
Midtown Village Six consists of 6 units, 5 one bedroom, one bathroom units and 1 studio with on site laundry. The interiors feature hard surface flooring, larger living rooms, and ample windows. The exterior features a larger lot with common area space. The property is directly across from the very popular Plumas Park and Gym. A location in the heart of Reno’s popular MidTown District makes this a very desirable rental. The building is located 2 blocks from South Virginia St, Forest Street, and Mt. Rose Street providing 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.
Investment highlights
- Highly Desirable Midtown Submarket
- Excellent Exchange Replacement Property
- On-Site Laundry
- 5 One Bed Units and 1 Studio
- New Roof
Listing Contacts
Listed by CBRE Reno, CBRE - Reno
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,461.00
$4,955.08/mo
Valuation Metrics
0
DSCR
4.57%
Cap Rate
4.57%
ROI
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