606 E 7th St - Apartments FOR SALE


Reno, NV 89512
$735,000 USD
775-378-1371
606 E 7th St, Reno, NV for Sale
$735,000 USD
Apartments - FOR SALE
1/33
null | 5.87% Cap Rate

606 E 7th St
Reno, NV 89512


HIGHLIGHTS

  • Completely Remodeled with Modern Design
  • Plank Vinyl Flooring in all units
  • Stainless steel Appliances in all units
  • Near UNR and TMCC - Minutes From Airport and Hospitals
  • Fully Fenced Lot
  • Potential to Build More Units

OVERVIEW

Have you been thinking about buying an investment property? How about one in the heart of downtown Reno, close to the University that has been completely remodeled and updated with all the charm. Here’s your chance to own a piece of the growing core of Reno. Corner lot location that offers off-street parking as well as a shared parking lot inside the gate just for tenants. The yard is park-like yet easy to maintain and offers a great space to hang and nice outside aesthetic. Each unit has its own appeal and charm. LVP throughout with modern Bathrooms and Kitchens. Quartz Counters and Stainless Appliances, Shaker Cabinets and a neutral modern color pallet in each. Separate Laundry for each unit with Washer and Dryer. Located minutes from the Reno/Tahoe International Airport, close to I80 and I580 and Lake Tahoe. Large lot could potentially accommodate additional units, zoning is MD-ID a Mixed Used Downtown Innovation District Zoning. Buyer to verify.

FOR SALE DETAILS

PRICE

$735,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

3

PRICE/UNIT

$245,000

CAP RATE

5.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

MU-ID

APN/PARCEL ID

008-183-19

ASK ABOUT THIS PROPERTY

Gabriel LarkinsNevada Real Estate ConnectionsMore Info
775-378-1371

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Gabriel LarkinsNevada Real Estate ConnectionsMore Info
775-378-1371

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