1560 Mill Street, Reno, NV, USA

$ 2,800,000.00

1560 Mill Street, Reno, NV, USA
  • Bedrooms: 21
  • Bathrooms: 21
  • Floors: 2
  • Area: .367 acres
  • Lot size: 8520 sq ft
  • Year built: 1956
  • Status:
  • Type:
  • CAP: 5.38%
  • APN: 013-052-04
  • Heat Type: Wall Furnace
  • Exterior Walls: Stud-Asph
  • Sec. Exterior Walls: Concrete Block
  • Frame: Wood/Steel
  • Zoning: MUWM
  • Water: Municipal
  • Sewer: Municpal
  • Street: Paved
  • Land Use: 10+ Units

Description

Recently renovated 20-unit property near Renown Medical Center available.  The location has an onsite office that can easily be converted to a studio unit.

 

Originally purposed as housing for Veteran’s, in 2019 it was determined to convert to a Market Rate Property. Existing Section 8 Voucher tenant’s maximum allowable rent is $954.00 with utilities included and month to month leases. Market rate units are rented at $950.00 + $35.00 to $50.00 utility reimbursement. Market rate tenants are required to provide electricity service with NV Energy directly. Landlord provided utilities include water, sewer, trash removal, basic cable, and internet.

 
Download a PDF a copy of Offering Memorandum
 
Location

 

1560 Mill Street

Features

Features:
  • Appliances
  • Asphalt Slurry (2018)
  • Bath fixtures
  • Exterior Lighting
  • Exterior paint
  • Kitchen Cabinets
  • Laundry Room Refresh
  • Mailboxes
  • New windows
  • Tile Flooring
Amenities:
  • 2 Miles to Reno Tahoe International Airport
  • Bus Routes 9 and 14
  • Easy access to 580/395 I-80
  • Just over 1 mile east of midtown shopping and restaurants
  • Steps away from Renown Medical Center campus

Agent

Agent profile image
Properties Qty: 1 Rating:
Debbie Warner 775-200-1121
debbiewarner@gastonwilkerson.com http://www.gastonwilkerson.com Broker License: B.1002188 Excellent
This style property is located in is currently and has been listed on Gaston & Wilkerson. This property is listed at $ 2,800,000.00. It has 21 bedrooms, 21 bathrooms, and is .367 acres. The property was built in 1956 year.