1617 N Virginia St | Reno, NV 89503
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1617 N Virginia St
Reno, NV 89503
LEV Apartments · Multifamily Property For Sale
·
129 Units
INVESTMENT HIGHLIGHTS
- Class A location just steps away from University of Nevada, Reno campus
- Priced well below replacement costs at $127,907 per unit and $384 per square foot
- Fully furnished unit interiors offering new plank floors, renovated bathrooms
- Located in a designated Opportunity Zone
- Amenities include newly renovated clubhouse with WiFi, study areas, outdoor lounge area, landscaped courtyards, bicycle parking
- Studio units are rare, those available are significantly higher in rent; nothing available at this location
PROPERTY FACTS
| No. Units | 129 | Building Size | 42,996 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | Parking Ratio | 2.51/1,000 SF |
| Lot Size | 2.60 AC | ||
| Zoning | MU - MU - RENO - Mixed Use Urban Zoning Standards & Redevelopment Details for LEV located in Virtual Deal Room; inquire for more information. | ||
| No. Units | 129 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.60 AC |
| Building Size | 42,996 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | MU - MU - RENO - Mixed Use Urban Zoning Standards & Redevelopment Details for LEV located in Virtual Deal Room; inquire for more information. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Business Center
- Clubhouse
- Property Manager on Site
- Furnished Units Available
- Package Service
- Lounge
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 128 | $940.00 | 335 |
| 1+1 | 1 | $1,150 | 550 |
PROPERTY TAXES
| Parcel Number | 003-150-20 | Improvements Assessment | $522,694 |
| Land Assessment | $4,360,356 | Total Assessment | $4,883,050 |
PROPERTY TAXES
Parcel Number
003-150-20
Land Assessment
$4,360,356
Improvements Assessment
$522,694
Total Assessment
$4,883,050
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