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33430506
33430364

468 CAPITOL HILL AVE, RENO, NV 89502

BG
NV S.47543, NV 0047543
CBRE Reno
AM
NV NV 0186531
CBRE - Reno
Listed by CBRE Reno, CBRE - Reno
$880,000
5 days on market
Updated 1 day ago
Opportunity zone

Capitol Hill Apartments

Details
APN 013-411-07
Property Type Multifamily
Square Footage 2,288
Net Rentable (SqFt) 2,288
Units 4
Occupancy 75%
Price per SqFt $385
Class C
Year Built 1954
Year Renovated 2020
Buildings 2
Stories 1
Lot Size (SqFt) 8,886
Zoning MF-30

Investment/Owner Occupant 4-Plex in Wells Submarket

Marketing description

  • Owner occupant financing eligible
  • Potential for future development with MF-30 zoning
  • Three 1 bed units and one 3 bed units
  • Wells Ave submarket

Investment highlights

The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers three 1 bed 1 bath units and one 3 bed 1 bath units with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is 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.

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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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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