512 E. Second Street

512 E. 2nd Street, Reno, NV 89502

— For Sale —

Offering Price $3,200,000

Total Units 23

Square Footage +/- 7,105

Total Acres +/- 0.321 AC

Property Information

Welcome to Frenchman’s Station, an exceptional property situated at 512 E. 2nd St. in the vibrant city of Reno, Nevada. With its prime location and recent nearby developments, this 23-unit multifamily property offers an enticing investment prospect for savvy buyers looking to capitalize on Reno’s massive growth. The property is a short distance to the Reno Aces Ballpark which is the AAA minor league ballclub for the Arizona Diamondbacks, the new Reno Fire Department Headquarters, several redevelopment projects and much more. The property consists of two (2) 1 bedroom 1 bath units and twenty one (21) studio units. The property also includes onsite laundry and a massive 2740 SF basement that is perfect for extra storage. Upside in rents based on comparable buildings with similar unit sizes in the nearby area. The seller will also be putting new stucco on the exterior of the building.

Located a short distance to Greater Nevada Field, Truckee River, downtown Reno, Neon Line Districts, and Renown Medical Center. Downtown Reno is undergoing many new revitalization projects over the past 10 years, the renovation of the Harrah’s casino is now home to the Reno City Center and Courtyard. 

Contact

Brokerage

Mike Keating, SIOR

Partner
Reno
License S.174942
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O 775.433.1104
C 775.386.9727
More Info