60 Keystone Ave Reno, NV 89503
- Commercial real estate
- 5,418 SF
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 60 Keystone Ave
- Year built
- 1965
- Lot size
- 0.16 lot acres
- Property size
- 5,418 SF
- Property type
- Commercial real estate
- APN
- 011-083-11
Description
This exceptional investment opportunity presents a well-maintained, six-unit apartment building ideally situated in Reno, Nevada. The property, located at 60 Keystone Avenue, boasts a total of 5,418 square feet on a 0.161-acre lot. Constructed in 1965, this two-story building is classified as a Class B multifamily property and currently enjoys 100% occupancy, providing immediate and substantial cash flow. Each of the six units contributes to the property's strong rental income. The property's zoning is designated MD-PD, offering potential for future development or expansion. The convenient location near downtown Reno provides residents with easy access to a variety of amenities, including restaurants, shopping, and entertainment. The property's strong occupancy rate, combined with its prime location and solid construction, makes it an attractive investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio. The asking price is $1,285,000. The Assessor's Parcel Number (APN) is 011-083-11. This is a rare opportunity to acquire a well-performing multifamily asset in a thriving Nevada market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.824718
- Latitude
- 39.5224916
