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1046 Berrum Ln - Berrum Park Condos 10 Unit Apartment Building Offered at $3,591,120 CAD at a 5.31% Cap Rate Reno, NV 89509
Investment Highlights
- All 2 Bed 1.5 Bath Townhome Style Units
- 6 Individual APN's
- Popular SW Reno Location
- All Units Have Fenced Yards & Balconies
- Onsite Laundry
Executive Summary
The 10 units at 1030-1046 Berrum Lane in Reno, NV consists of 5 separate duplex units, all on their own parcel number, that feature 2 bedroom 1.5 bathroom, 1,040 sqft townhome style units. Each unit features fenced yards and balconies, which are big selling points for tenants when they are looking for rentals. The property has ample parking for all units and has mature trees. There is a common laundry area. Upside to modernizing interiors and raising rents to market.
The Berrum Park Condos are located at 1030-1046 Berrum Lane, in Reno, NV. The location is in the Southwest Reno Submarket close to the Reno Tennis Center and the Washoe Golf Course. This submarket is in the heart of Reno, providing a great live – work – play lifestyle. This popular location provides easy access to all Northern Nevada’s most popular events, restaurants, coffee shops, and bars.
The Berrum Park Condos are located at 1030-1046 Berrum Lane, in Reno, NV. The location is in the Southwest Reno Submarket close to the Reno Tennis Center and the Washoe Golf Course. This submarket is in the heart of Reno, providing a great live – work – play lifestyle. This popular location provides easy access to all Northern Nevada’s most popular events, restaurants, coffee shops, and bars.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,591,120 CAD | Lot Size | 0.46 AC |
| Price Per Unit | $359,112 CAD | Building Size | 10,400 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.31% | No. Stories | 2 |
| No. Units | 10 | Year Built | 1977 |
| Property Type | Multifamily | ||
| Zoning | MF-30 - Multifamily 30 units per acre | ||
| Price | $3,591,120 CAD |
| Price Per Unit | $359,112 CAD |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| No. Units | 10 |
| Property Type | Multifamily |
| Lot Size | 0.46 AC |
| Building Size | 10,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Zoning | MF-30 - Multifamily 30 units per acre |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | $2,452 CAD | 1,040 |
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Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 019-400-01 | Total Assessment | $65,694 CAD |
| Land Assessment | $24,269 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $41,425 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
019-400-01
Land Assessment
$24,269 CAD
Improvements Assessment
$41,425 CAD
Total Assessment
$65,694 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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1046 Berrum Ln - Berrum Park Condos
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