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 and will fill up fast. Construction was completed in early November 2023, and pre-leasing has already begun. Its sister property in MidTown achieved 34% leased in one month.
The subject propertie was originally a two-story motel built in 1974. The buildings is ±32,400 square feet, situated on ±1.96 acres zoned General Commercial.
1400 Stardust Street is in northwest Reno, is close to Interstate 80. Assessor’s Parcel Numbers are 006-151-06. The highly visible and easily accessible location feature 124 rehabilitated studio apartments.
There are currently 6 similar properties on the market within 10 miles distance of the Subject Property.