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31686934
31686949

210 Claremont Street, Reno, NV 89502

BG
NV S.47543, NV 0047543
CBRE Reno
AM
NV NV 0186531
CBRE - Reno
Listed by CBRE Reno, CBRE - Reno
$1,175,000
51 days on market
Updated 50 days ago
Opportunity zone

The Six at 210 Claremont

Details
APN 013-233-02, 013-223-02
Property Type Multifamily
Square Footage 4,208
Units 6
Cap Rate 5.21%
NOI $61,275
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.57%
Pro-Forma NOI $65,469
Price per SqFt $279
Year Built 1962
Buildings 1
Stories 2
Acreage 0.155
Zoning MF 30
Investment Type Value Add

Multifamily | 5.21% CAP | 6 Units

Marketing description

The 6 at Claremont consits of 6 total units, on a large lot, bordering both the MidTown Reno and the Wells Avenue Districts. This asset offers a diverse unit mix including studios 1 bed, 2 bed and 3 bed units which is very appealing to buyers. Most units have been renovated to more modern finishes which include LVP flooring, upgraded fixtures, countertops, lighting and much more. The 6 at Claremont are market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door. This can also be sold in a portfolio sale with 1508 Locust St which is a 6 unit multifamily opportunity and also listed for sale.

Investment highlights

  • EASY ACCESS MIDTOWN RENO, RENOWN MEDICAL CENTER AND INTERSTATE 80
  • DIVERSE UNIT MIX
  • EXCELLENT EXCHANGE REPLACEMENT PROPERTY
  • UPSIDE IN RENTS
  • ON-SITE LAUNDRY AND PARKING

Listing Contacts

BG
NV S.47543, NV 0047543
CBRE Reno
AM
NV NV 0186531
CBRE - Reno
Listed by CBRE Reno, CBRE - Reno

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,275.27
$5,106.27/mo

Valuation Metrics

0
DSCR
5.21%
Cap Rate
5.21%
ROI

Map

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Additional Information

Name
Ben Galles
License
S.47543
Name
Austyn Moore
License
NV 0186531
Brokerage
CBRE
Title
Real Estate Agent
Brokerage Address
7900 Rancharrah Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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