207 Hillcrest Dr - Apartments FOR SALE


Reno, NV 89509- Virginia Lake
$10,750,000 USD
503-680-4638
207 Hillcrest Dr, Reno, NV for Sale
$10,750,000 USD
Apartments - FOR SALE
1/21
null | 5.59% Cap Rate

207 Hillcrest Dr
Reno, NV 89509
Virginia Lake


HIGHLIGHTS

  • Curb Appeal with improvements for enhanced aesthetics and long-term value
  • Turnkey Investment
  • High Demand Market with strong potential returns
  • New Roof installed in 2024
  • Prime Location near Virginia Lake, Reno Experience District, and Midtown

OVERVIEW

Hillcrest Apartments – Prime Investment Opportunity in Reno, Nevada. Presenting Hillcrest Apartments, a recently upgraded multi-family investment opportunity at 207 Hillcrest Drive in Reno, Nevada. Located near Virginia Lake, the Reno Entertainment District, and Midtown, this property offers exceptional accessibility to Reno’s thriving dining, entertainment, and lifestyle hubs. Hillcrest Apartments has undergone significant renovations, including a brand-new roof (installed in 2024), modernized unit interiors, and a newly paved asphalt parking area, enhancing both curb appeal and long-term value. This well-maintained property presents a rare opportunity for investors or owner-operators seeking a turnkey asset in a high-demand rental market. For Sale By Owner: The information provided regarding the property located at 207 Hillcrest Drive, Reno, NV is for informational purposes only and is presented by the property owner without representation by a licensed real estate agent or broker. The seller makes no guarantees, warranties, or representations, express or implied, regarding the condition, value, or suitability of the property. Prospective buyers are encouraged to conduct their own due diligence, including but not limited to, obtaining professional inspections, reviewing public records, verifying zoning regulations, and consulting legal and financial professionals before completing a purchase. The seller assumes no liability for errors, omissions, or misstatements contained in any marketing materials, property descriptions, or verbal communications. All property information is subject to change without notice. Any agreements or negotiations related to the sale of this property shall be conducted directly between the buyer and seller. One of the property owners is a licensed real estate broker in Oregon and Washington.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

58

PRICE/UNIT

$185,345

CAP RATE

5.59%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

MF30

APN/PARCEL ID

019-051-11

ASK ABOUT THIS PROPERTY

Grayson Pounder6105 S Macadam Ave, Portland, or 97239More Info
503-680-4638

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Grayson Pounder6105 S Macadam Ave, Portland, or 97239More Info
503-680-4638

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