1800 Purdue Dr., Reno, NV 89502

— Recently Sold • Represented Seller —

List Price$7.60MM

Size +/- 36,120 SF

Units 58

Property Information

Property Overview

LOGIC Commercial Real Estate is pleased to offer for sale Purdue Arms Apartments located in Reno, Nevada. Consisting of 58 total units, Purdue Arms Apartments offers an investor the opportunity to purchase a value-add multi-family investment property in the northern Nevada market. This asset features block construction and is centrally located near Vassar Street and Hwy. 395/580 and is a short distance to schools and nearby bus lines. There are a total of 52 large one bedroom one bathroom units and 6 two bed 1 bathroom units. Property features include five buildings featuring a club house and owner owned laundry units, newer roof with warranty on one building, additional large basement storage space, a total of +/- 1.5 AC, and a courtyard setting with ample parking. The property is master metered for gas and electric and features radiant baseboard heat, offering an opportunity to pass along utility costs to the tenants and increase the cash flow.

Investment Highlights

  • Rare opportunity to acquire a value-add property In the growing Reno market with solid upside.
  • Upside in rents
  • Value-add deal
  • Large basement storage
  • Strong central location
  • Solid block construction

Contact

Brokerage

Ben Galles

Vice President
Reno
License S.47543
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O 775.433.1106
C 775.750.6429
More Info