This is an income producing property that is 100% occupied by students in the heart of the University of Nevada Reno. This 10-unit investment opportunity is located at 820 North Virginia Street in Reno, NV. The units consist of four studio/one-bath units and six one-bedroom/one-bath units. The building is composed of wood frame construction with a stucco finish, with five designated parking spaces in the back lot as well as on-street parking. All units include full kitchens and furnace heating. Upgrades have been done including new dual pane windows, bathroom floors and shower enclosures in select units. Please call for a full financial prospectus and income details of this property. The property is located near Interstate 80 at North Virginia, the gateway to downtown Reno and is situated across the street from the University of Nevada Reno, Nevada’s only Tier I University. With the University’s current expansion plans and current growth rate of 400 new students per year, this asset should provide an investor with a performing asset for years to come. Three of Reno’s largest downtown employers - The Eldorado Hotel-Casino, Silver Legacy and Harrah's are within the immediate vicinity, while the midtown corridor is also close by. A number of conveniences and places to eat are also within walking distance, while the superb natural beauty of Lake Tahoe and the Sierra Nevada mountains are just a short drive away. For a full offering memorandum of this investment opportunity, please call Ben Nelson at (775) 348-5224.
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