344 2Nd StReno, NV 89503

Property Details for 344 2Nd St

Year built

2023

Lot size

0.79 AC

Property size (Sq ft)

79,443 SF

Property type

Apartment buildings

Description

This exceptional Class A multifamily investment opportunity presents a brand-new, 2023-constructed apartment building in Reno's vibrant Riverwalk District. The property, encompassing 79,443 square feet on a 0.787-acre lot, features a total of 69 units, comprised of 21 one-bedroom/one-bathroom and 48 two-bedroom/two-bathroom apartments. All units boast 10-foot ceilings and modern, high-end finishes, including in-unit washers and dryers and smart home technology. The building's prime location offers unparalleled walkability to shopping, dining, entertainment, and the Truckee Riverwalk's recreational amenities. Residents enjoy easy access to downtown Reno, major thoroughfares, and public transportation. The property's strong performance is reflected in its impressive pro-forma net operating income (NOI) of $1,357,869. Additional amenities include a fitness center and covered parking. This institutional-quality asset, zoned MD-PD, represents a compelling investment in a thriving Nevada market. The single five-story building is situated at 344 W 2nd St, Reno, NV 89503 (APN: 011-025-10). This is a rare opportunity to acquire a state-of-the-art multifamily property in a high-demand location. Offers are being considered.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5256

Longitude

-119.818

FAQs

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