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527-531 Mill St

3 Unit Apartment Building $950,000 ($316,667/Unit) Reno, NV 89502

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Executive Summary

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.

Property Facts

Price	$950,000	Building Class	C
Price Per Unit	$316,667	Lot Size	0.16 AC
Sale Type	Investment	Building Size	2,548 SF
No. Units	3	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1932/2020
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$950,000
Price Per Unit	$316,667
Sale Type	Investment
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	2,548 SF
No. Stories	1
Year Built/Renovated	1932/2020
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.