120 Martin St - Apartments FOR SALE


Reno, NV 89509- Midtown Reno
$1,550,000 USD
775-600-7264
120 Martin St, Reno, NV for Sale
$1,550,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

120 Martin St
Reno, NV 89509
Midtown Reno


HIGHLIGHTS

  • All 2 bed + Units
  • 2 Blocks to S. Virginia St
  • Fully Remodeled 2078 Sqft 2 Bed 2 Bath House with Additional Finished Basement Are
  • 2019 Built Duplex with 2 bed 2 bath 1 Car Garage 825 Sqft Units
  • Potential for Owner Occupant FHA Financing

OVERVIEW

M3 at MidTown consists of 3 units: 1 single family home built in 1927 and a duplex built in 2019. This multifamily asset is located in the popular Midtown Reno Submarket. 120 Martin offers a buyer a classic brick exterior, single-family home with recent major improvements and a new modern design duplex, both with a with a popular unit mix. The SFR has 2 bedrooms, 2 bathrooms and the duplex features both 2 bedroom, 2 bathroom, 1 car garage units. The duplex units have modern finishes with large kitchen and living areas, in-unit washer dryers, larger closets, shaker style kitchen cabinets, quartz counters, mini splits and much more. The SFR offers classic brick style living with two bedrooms and two full bathrooms and a kitchen on the main level and an additional bedroom, bathroom, living space and kitchen in the walk-out basement. There are many newer modern improvements including refinished original hardwood floors as well as LVP and tile floors, and beautiful vaulted ceilings with skylights in the primary bedroom. This is a great opportunity to acquire a well-located, multifamily property and is a great exchange property for an investor looking to reset their depreciation schedule and own multifamily units in a landlord friendly state.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

3

PRICE/UNIT

$516,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

M3 at MidTown

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

MU-MC

APN/PARCEL ID

014-061-17

ASK ABOUT THIS PROPERTY

Austyn MooreCBREMore Info
775-600-7264

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Austyn MooreCBREMore Info
775-600-7264

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.