Details
| APN | 019-303-45 | Property Type | Multifamily |
| Sub Type | Apartment Building | Square Footage | 4,080 |
| Net Rentable (SqFt) | 4,080 | Units | 7 |
| Cap Rate | 6.12% | NOI | $71,946 |
| Occupancy | 100% | Class | B |
| Year Built | 1944 & 2001 | Year Renovated | 2019 |
| Buildings | 2 | Stories | 2 |
| Acreage | 0.250 | Zoning | MF-30 |
Multifamily | 6.12% CAP | 7 Units
Marketing description
The Berrum Village is located within the Southwest Reno submarket. This classic yet modern building offers a buyer a beautifully remodeled apartment building with classic brick finishes. This garden style multifamily asset offers 5 one bedroom one bathroom and 2 studio units, on-site parking, a common courtyard, and storage areas. Each unit features classic finishes, shaker style kitchen cabinets, tile bathroom finishes, and much more. The common area is designed to enjoy the private outdoor space for all Northern Nevada’s great weather. This is a great opportunity to acquire a well maintained asset in a solid rental submarket.
The Berrum Village is located at 1275 Berrum Lane, in Reno, NV. The location is in the Southwest Reno Submarket close to the Reno Tennis Center and the Washoe Golf Course. This submarket is in the heart of Reno providing a great live – work -play lifestyle. This popular location provides easy access to all Northern Nevada’s most popular events, restaurants, coffee shops, and bars.
Investment highlights
- Incredible SW Reno Location
- Upside in Rents
- Quaint Tenant Courtyard Area
- Many Recent Upgrades
Valuation Metrics
Third-Party Listings Disclaimer
All commercial and investment properties shown are sourced from Crexi and are listed by third-party brokers, as indicated by the Broker Reciprocity logo. Lillian Wong provides buyer representation for these and similar commercial properties. Contact Lillian to schedule showings, request offering memoranda, or discuss investment strategy.
Information is supplied by listing brokers and other third parties and has not been verified. All pricing, property details, and availability are subject to change without notice. Interested buyers should contact Lillian directly to verify current status and arrange due diligence.
Source: Crexi. All listings represented by third-party brokers. Lillian Wong represents buyers in commercial transactions.
