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1901 South Virginia St Reno, NV 89502

For Sale
$42,000,000

Multifamily property with compliant upgrades, designed for workforce housing.

Property size:
65,688 SF

Property Features for 1901 South Virginia St

General Information

Size
65,688 SF

Source: Brian Egan, CCIM Agent Brian Egan, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Repositioning Opportunity in Reno

This multifamily property, undergoing a major repositioning by Repvblik Development Group, features upgrades to electrical, plumbing, and life-safety systems to meet multifamily standards. Designed to address Reno’s high demand for workforce housing, the newly remodeled studios are priced affordably. Construction is scheduled for completion in early October 2023, and pre-leasing has already commenced. The property is located in the downtown/MidTown area, with convenient access to Highway 395/I-580. The property size is 65688 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

The Point at Midtown Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Reno
County
Washoe
State
Nevada
Longitude
-119.8040548
Latitude
39.5053988

FAQs

What type of property is this?
Apartment building - Multifamily property with compliant upgrades, designed for workforce housing.
Where is this apartment building located?
The property is located at 1901 South Virginia St Reno, NV.
What is the asking price?
The asking price for this property is $42,000,000.
What are key features of this property?
This property features: - Newly remodeled studios designed for workforce housing, addressing Reno's high demand.; - Affordably priced studios expected to fill up quickly.; - Multifamily compliant upgrades to electrical, plumbing, and life-safety systems.
More about this property
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