734 Tahoe St Reno, NV 89509

Property Details for 734 Tahoe St

Year built

2024

Lot size

0.14 lot acres

Property size

5,236 SF

Property type

Commercial real estate

APN

011-272-10

Description

This exceptional 6-unit apartment building, constructed in 2024, presents a compelling investment opportunity. Located in Reno's desirable Midtown submarket, at 734 Tahoe Street, this Class A property boasts 5,236 square feet of net rentable space on a 0.138-acre lot. The building features a mix of unit sizes: four one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one three-bedroom/three-bathroom unit, all with 100% occupancy. Each unit showcases custom finishes, including large kitchens, new washer/dryers, spacious closets, shaker-style cabinets with crown molding, quartz countertops, and ceiling fans. Select units offer upgraded features such as vaulted ceilings, custom beams, enhanced vanities, larger kitchens with islands, and dining spaces. The Spanish Revival-inspired design incorporates a thoughtfully designed common area and covered access points, enhancing the overall appeal. Its proximity to South Virginia Street provides convenient access to Reno's vibrant Midtown amenities, including restaurants, shops, and entertainment venues. This low-maintenance property is ideal for investors seeking a strong return and a desirable location in a landlord-friendly state. The property's permitted zoning is MU-MC, and its APN is 011-272-10. This is a warranted new construction offering a compelling opportunity for a 1031 exchange. The asking price is $2,595,000.

Location Insight

City

Reno

County

Washoe

State

Nevada

Longitude

-119.809688

Latitude

39.5175173