755 Moran ST Street Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89502
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250002024
Year Built 1971
Annual Tax Amount $3,744
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 0.16
Property Sub-Type Multi Family
Property Description
Introducing an exceptional value-add opportunity in the heart of Midtown Reno, an 8-plex brimming with potential. Built in 1971, this solid multi-family asset features eight one-bedroom units averaging approximately 675 square feet each. Each unit benefits from individual utility metering and functional layouts that can be modernized to capture higher rents and elevate tenant appeal., Strategically located in a vibrant, walkable neighborhood, you are merely minutes from popular dining, shopping, and entertainment venues, while offering quick access to transit and major thoroughfares. With strong rental demand in Midtown, this property is perfectly poised for investors looking to reposition an established asset into a premier income-producing portfolio. Whether you're looking to implement cosmetic upgrades or more extensive renovations, the potential to boost cash flow and property value is significant. Don't miss your chance to transform this gem into a standout investment in one of Reno's most dynamic neighborhoods.
Location
State NV
County Washoe
Zoning Mf14
Direction Wells/Moran
Interior
Heating Natural Gas,Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Laundry Common Area
Exterior
Parking Features Alley Access
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
View Y/N No
Roof Type Composition,Pitched,Shingle
Garage No
Building
Story 2
Foundation Crawl Space
Water Public
Structure Type Brick,Masonry Veneer
Others
Tax ID 01302515
Acceptable Financing 1031 Exchange,Cash
Listing Terms 1031 Exchange,Cash