500 University Way - Apartments FOR SALE


Reno, NV 89501
$2,350,000 USD
775-850-3066
500 University Way, Reno, NV for Sale
$2,350,000 USD
Apartments - FOR SALE
1/18
null | 7.29% Cap Rate

500 University Way
Reno, NV 89501


HIGHLIGHTS

  • Beautifully renovated in 2019, this property offers the opportunity for a short-term rental income in the desirable Downtown Reno sub-market
  • Convenient location near major thoroughfares
  • Premier downtown location on the intersection of E 5th St and University Wy

OVERVIEW

DCG is pleased to present 500 University Way for sale. This property is a multifamily complex located on the intersection of E 5th Street and University Way. The complex is located in close proximity to the Aces Ballpark, The Row, the University of Nevada, Reno, as well as several entertainment options in the heat of Downtown Reno. Zoned within the Mixed-Use Downtown Entertainment District, this multifamily property is perfect for a revitalization project, as well as an ideal location for student-living, or single family homes.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

21

PRICE/UNIT

$111,905

CAP RATE

7.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

MD-ED

APN/PARCEL ID

007-501-07

ASK ABOUT THIS PROPERTY

Gerrit HillebrandDickson Commercial GroupMore Info
775-850-3066

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Gerrit HillebrandDickson Commercial GroupMore Info
775-850-3066

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