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- LoopNet Team
847 Willow St
Reno, NV 89502
PRICE REDUCED!! Lot for 8-Plex Development · Land For Sale
·
0.13 AC
INVESTMENT HIGHLIGHTS
- Plans for 8 two bed two bath units
- Close to Renown Medical
- Ready to pull permits
- Growing Northern Nevada Market
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.13 AC |
| Zoning | MU - Mixed Use | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.13 AC |
| Zoning | MU - Mixed Use |
DESCRIPTION
0.13 acre lot with full plans and ready to pull permits for a brand new 8-plex. All units would be 2 bed 2 bath. The land pad is zoned as MU and allows for pretty dense development. The site is located within the Renown submarket, providing easy access to Reno’s main hospital and a major area employer. The plans to develop 8 multi-family units in this area would allow tenants easy access to major employers, main bus lines, downtown Reno, MidTown Reno, major roads, highways and interstates. New build multi-family properties are in high demand from both investors and tenants, giving the site the highest possibility to push rents and have very limited vacancy. Other similar new construction projects in the nearby area have leased at premium rents. Don’t miss out on this opportunity.
PROPERTY TAXES
| Parcel Number | 012-141-15 | Improvements Assessment | $6,246 |
| Land Assessment | $41,116 | Total Assessment | $47,362 |
PROPERTY TAXES
