Apartment Buildings /NV /Washoe County /Reno /1752 E 4th St
Apartment Buildings /NV /Washoe County /Reno /1752 E 4th St

1752 E 4th St - Apartments FOR SALE


Reno, NV 89512- Downtown Reno | 
$3,995,000 USD
775-470-8873
1752 E 4th St, Reno, NV for Sale
$3,995,000 USD
Apartments - FOR SALE
1/6
null | 6.63% Cap Rate
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1752 E 4th St
Reno, NV 89512
Downtown Reno

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HIGHLIGHTS

  • Priced well below replacement costs at $121,061 per unit and $294 per square foot
  • Offered Free and Clear
  • Professionally managed with on-site management
  • On site laundry room, barbeque, and common areas
  • Renovations to the unit interiors; 17 units completely renovated
  • Select units offer assigned carport parking

OVERVIEW

Kidder Mathews is pleased to present this Offering for the Farris Apartments, an exceptional value-add multifamily asset offering 33 units near downtown Reno. Of the 33 units, 17 units have been renovated. The Farris Apartments is located in a Designated Opportunity Zone.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

33

PRICE/UNIT

$121,061

CAP RATE

6.63%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Farris Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

MU

APN/PARCEL ID

008-381-04

ASK ABOUT THIS PROPERTY

Ben Nelson, CCIMKidder MathewsMore Info
775-470-8873

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Ben Nelson, CCIMKidder MathewsMore Info
775-470-8873

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

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