See Home Value
$1,357,439*
Multifamily - Off Market

2312 Wedekind Rd #18

Reno, NV 89512
bedrooms
Studio
bathrooms
0 Bath
$833,000 - $1,017,000
Reference Base Price*
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

many brand new windows, new security gates. 3 units were upgraded with granite counter tops. Tile bathroom floors and showers, laminate kitchen floors, carpet in the living areas and much more. 50 year old roof, very nice siding and all units are in great condition. Tenants pay for utilities. Individually metered gas and electric.  Tenants are amazing and keep there units very nice and the owner keeps up on all repairs and maintenance  Long term tenants on month to month leases so the new owner can get them in a contract with what works for them. Rents increased February 2019 and will increase again April 2019. Solid Investment opportunity and 100% occupied. High Cap Rate. Skies the limit on the earnings you can make on this 8 unit apartment building. Reno/Sparks has a vacancy shortage and the demand is high for housing. Reno/ Sparks is # 1 in the nation for job growth. #1 in the nation in population growth. #1 in the nation in property value increases and rental price increases. This is a Recipe for major growth for you as an investor.  This building has its own Gated private parking for the tenants. Property is located in the same driveway as 2300 Wedekind Dr. Drive all the way to the back of the parking lot and this complex is the very last building.  We have the market to support your goals of an income property. This meticulously maintained apartment building is tucked away in its own little, quite community. Only 5 minutes from downtown Reno and UNR college. 25-30 min from Tesla/Panasonic, switch, Zulilly and many more large companies housed in the Industrial park in Sparks, NV. Next to bus lines, the HWY, lots of shopping and many town events within minutes of this location. Once renters move in they love the area so much they never want to leave with some living in the unit 30 years.  Remodeled in 2016 and 2018  Listing Agent: Monica McCallum Email Address: [email protected] Broker: Coldwell Banker Select Reno
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$3,365
HOA Dues
-
Year Built
1987

Price History

Date / Event Date Event Price
Jan 20, 2024 No longer available -
No longer available
Nov 2, 2023 Listed $1,500,000
Listed
Opportunity Alert! 8 units 2 bedroom/1 bath in Reno, Nevada. Rent at 1,000/unit per month. All units have been upgraded some with granite counter tops. Washer, dryer, and dishwasher in each unit. 50-year composite shingle roof replaced in 2003. Downtown Reno and The University of Nevada only 5 minutes away. Short drive to USA Parkway, Tesla/Panasonic, Switch, and the Industrial Park. Bus lines, close to HWY, lots of shopping, and many town events within minutes of this location.
Jul 20, 2019 No longer available -
No longer available
Mar 16, 2018 Listed $925,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231102 Unit 18
11/02/2023
18
Loft
-
-
$1,500,000
bedrooms
Loft
bathrooms
-
-
-
-
Ryan Ward
ERA - Realty Central
20210715
07/15/2021
Loft
-
-
$1,560,000
bedrooms
Loft
bathrooms
-
-
-
-
Ryan Ward
ERA - Realty Central
20180316 Unit 18
03/16/2018
18
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

2312 Wedekind Road 2312 Wedekind Road, Reno, NV 89512
More about this Building
2312 Wedekind Road
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