60 Keystone AveReno, NV 89503

Property Details for 60 Keystone Ave

Year built

1965

Lot size

0.16 AC

Property size (Sq ft)

5,418 SF

Property type

Apartment buildings

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.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5225

Longitude

-119.825

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