527-531 Mill St - Apartments FOR SALE


Reno, NV 89502
$950,000 USD
775-391-9076
527-531 Mill St, Reno, NV for Sale
$950,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

527-531 Mill St
Reno, NV 89502


OVERVIEW

3-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces! Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property comes with ample parking with both street and alley access. The duplex has been equipped with new roofing. Leases have been a mix of short term, long term and AirBNB bookings, grossing approximately $75,000 in 2023. This property is walking distance to the Reno Riverwalk District, Greater Nevada Field, and to Reno's best eateries, coffee shops, and bars.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MUDR

APN/PARCEL ID

012-112-11

ASK ABOUT THIS PROPERTY

Laura KirschMarmot PropertiesMore Info
775-391-9076

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Laura KirschMarmot PropertiesMore Info
775-391-9076

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