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Kramer's Portfolio 2 Multifamily Properties Offered at $6,363,594 CAD in Reno, NV
INVESTMENT HIGHLIGHTS
- Prime Location - MidTown Location and Within Walking Distance to Top Dining, Entertainment, and Shopping Areas
- Performing Asset - Strong, Stabilized Asset Achieving High Rents in the Strongest Submarket in the MSA
- Fully Renovated - Extensively Renovated Internally with Luxury, High-End Finishes
- Strong, Stabilized Asset Achieving High Rents in the Strongest Submarket in the MSA
EXECUTIVE SUMMARY
Please do not disturb property or tenants. Reach out to listing broker to schedule a tour.
Kramer's Midtown is fully turnkey and will provide a safe haven for any investor's capital. Given the premier location of the MidTown submarket, substantial physical and mechanical upgrades, and an incomparable level of upgrades, Kramer's Midtown will always be an occupied asset and produce consistent cash flow for the foreseeable future.
The submarket where Kramer's Midtown is located is one of the best defining features of this asset. Right in the middle of MidTown, this location is one of the highest-demanded locations for rentals in all of Reno. The close proximity to all of the dining, nightlife, gaming & resort casinos, and art & culture gives Kramer's Midtown all the benefits of the submarket's amenities, while still maintaining a sense of quiet, residential living. Tenants can also benefit from nearby public transportation, creating great ease of access for tenants to traverse the city easily. As more assets are being brought up to modern standards in the MidTown and Downtown submarkets, it has drawn a higher paying tenant profile to these locations. This not only supports the already high-achieved rents at Kramer's Midtown, but an investor can also expect continued rent growth as this neighborhood continues to thrive.
Call for more information.
Kramer's Midtown is fully turnkey and will provide a safe haven for any investor's capital. Given the premier location of the MidTown submarket, substantial physical and mechanical upgrades, and an incomparable level of upgrades, Kramer's Midtown will always be an occupied asset and produce consistent cash flow for the foreseeable future.
The submarket where Kramer's Midtown is located is one of the best defining features of this asset. Right in the middle of MidTown, this location is one of the highest-demanded locations for rentals in all of Reno. The close proximity to all of the dining, nightlife, gaming & resort casinos, and art & culture gives Kramer's Midtown all the benefits of the submarket's amenities, while still maintaining a sense of quiet, residential living. Tenants can also benefit from nearby public transportation, creating great ease of access for tenants to traverse the city easily. As more assets are being brought up to modern standards in the MidTown and Downtown submarkets, it has drawn a higher paying tenant profile to these locations. This not only supports the already high-achieved rents at Kramer's Midtown, but an investor can also expect continued rent growth as this neighborhood continues to thrive.
Call for more information.
PROPERTY FACTS
| Price | $6,363,594 CAD | Number of Properties | 2 |
| Price / SF | $406.05 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.44% | Total Building Size | 15,672 SF |
| Sale Type | Investment | Total Land Area | 0.57 AC |
| Status | Active |
| Price | $6,363,594 CAD |
| Price / SF | $406.05 CAD / SF |
| Cap Rate | 6.44% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,672 SF |
| Total Land Area | 0.57 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Kramer's Midtown Studios
1607 S Virginia St, Reno, NV 89502 |
Multifamily | 11,200 SF | 2022 | - |
| 70 Walts Ln, Reno, NV 89509 | Multifamily | 4,472 SF | 1959 | - |
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