The Point Reno - Apartment Portfolio
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The Point Reno - Apartment Portfolio
2 Multifamily Properties Offered at $42,000,000 in Reno, NV
Investment Highlights
- Designed to accommodate workforce housing, close to Interstate 80 and Highway 395/I-580
Executive Summary
Newly repositioned multifamily investment with code compliant upgrades to electrical, plumbing, and life-safety systems. This project is designed to accommodate Reno’s enormous demand for workforce housing.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $42,000,000 | Number of Properties | 2 |
| Price / SF | $281.12 / SF | Individually For Sale | 2 |
| Cap Rate | 5.40% | Total Building Size | 149,400 SF |
| Sale Type | Investment | Total Land Area | 6.08 AC |
| Status | Active |
| Price | $42,000,000 |
| Price / SF | $281.12 / SF |
| Cap Rate | 5.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 149,400 SF |
| Total Land Area | 6.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Point West University
1400 Stardust St, Reno, NV 89503 |
Multifamily | 32,400 SF | 2023 | - |
|
The Point Midtown
1901 S Virginia St, Reno, NV 89502 |
Multifamily | 117,000 SF | 2024 | - |
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The Point Reno - Apartment Portfolio
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