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Manzanita Manor 1133 Buena Vista Ave 32 Unit Apartment Building $5,096,047 CAD ($159,251 CAD/Unit) 5.38% Cap Rate Reno, NV 89503
INVESTMENT HIGHLIGHTS
- Better known as the Manzanita Manor apartment complex.
- Potential for rent increases.
- Ideal for student-housing.
EXECUTIVE SUMMARY
DCG is pleased to present 1133 Buena Vista Ave for sale. This well-located multifamily asset sits just off North Sierra Street and North Virginia Street, offering excellent proximity to the University of Nevada, Reno. The property features a freestanding three-story apartment building situated above a secured ground-floor parking garage. The units are turn-key, benefitting from recent interior renovations that include updated flooring, modern kitchen cabinetry, and refreshed common areas. This clean, well-maintained complex provides strong appeal for both student and workforce housing demand in the surrounding area.
PROPERTY FACTS
| Price | $5,096,047 CAD | Building Class | C |
| Price Per Unit | $159,251 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 9,792 SF |
| Cap Rate | 5.38% | Average Occupancy | 78% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 2.58/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF30 | ||
| Price | $5,096,047 CAD |
| Price Per Unit | $159,251 CAD |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 9,792 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.58/1,000 SF |
| Zoning | MF30 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | 200 |
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PROPERTY TAXES
| Parcel Number | 007-114-08 | Improvements Assessment | $140,712 CAD |
| Land Assessment | $478,764 CAD | Total Assessment | $619,476 CAD |
PROPERTY TAXES
Parcel Number
007-114-08
Land Assessment
$478,764 CAD
Improvements Assessment
$140,712 CAD
Total Assessment
$619,476 CAD
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Manzanita Manor | 1133 Buena Vista Ave
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