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1901 South Virginia St Reno, NV 89502

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For Sale
$42,000,000

Multifamily repositioning with upgrades. High demand workforce housing.

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Listing Contact
Brian Egan, Ccim
Source: Naiglobal

Listing Agent: Brian Egan, Ccim

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

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Overview

Multifamily Repositioning Opportunity in Reno

This multifamily repositioning project by Repvblik Development Group features upgrades to electrical, plumbing, and life-safety systems to meet multifamily standards. Designed to address Reno’s demand for workforce housing, the remodeled studios are priced affordably. Construction is scheduled for completion in early October 2023, and pre-leasing has commenced. One of the properties is located at 1901 S Virginia Street in downtown/MidTown, with proximity to Highway 395/I-580. The other property is located at 1400 Stardust Street in northwest Reno, near Interstate 80.
Location Intelligence

Current Use by Public Records

The Point at Midtown Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Gym & Fitness Center Daycare Center

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

Location Insight

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

FAQs

What type of property is this?
Apartment building - Multifamily repositioning with upgrades. High demand 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.; - Affordably priced to meet high demand.; - Multifamily compliant upgrades to electrical, plumbing, and life-safety systems.
More about this property
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