1045 Riverside Dr new Save Request In-Person Tour Request Virtual Tour
Reno,NV 89503
Key Details
Property Type Multi-Family
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Square Footage 9,679 sqft
Price per Sqft $423
Subdivision Nv
MLS Listing ID 250003918
Bedrooms 1
Year Built 1934
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Apartment Complex
Property Description
Welcome to Loomis Manor at 1045 Riverside Dr, a prime multifamily investment property located in one of Reno's most sought-after areas, across from the picturesque Truckee River. This building offers an exceptional location within walking distance of Downtown Reno, the Riverwalk district, and the scenic parks along the river. It's surrounded by numerous restaurants, retail shops, and recreational opportunities, making it an ideal choice for renters looking to live in a vibrant and convenient neighborhood. This 18-unit apartment property boasts a 100% occupancy rate and is ideally located on Riverside Drive, just steps from the Truckee River and Downtown Reno. The building spans 9,679 square feet on a 0.44-acre lot and was originally constructed in 1934, with extensive renovations completed on 11 units in 2022. Residents enjoy ample parking, with a ratio of 1.86 spaces per 1,000 square feet, as well as modern kitchens, updated bathrooms, and spacious living areas. With strong value-add potential through continued renovations, the property is well-positioned to benefit from the neighborhood's ongoing growth and popularity among young professionals and families, offering investors attractive long-term rental income and appreciation prospects.
Location
State NV
County Washoe
Zoning MF30
Interior
Heating Air Unit,Natural Gas,Radiator
Cooling Air Unit,Natural Gas,Radiator
Flooring Ceramic Tile,Carpet,Laminate,Varies by Unit
Appliance Refrigerator,Oven/Range,Varies Per Unit
Laundry Common
Exterior
Exterior Feature Stucco
Fence Partial
Utilities Available City/County Water,City Sewer,Electricity,Natural Gas,Internet Available,Cellular Coverage Avail
Roof Type Flat
Total Parking Spaces 20
Building
Story 2 Story
Foundation Basement/Finished
Water Natural Gas
Level or Stories 2 Story
Structure Type Wood Frame
Schools
Elementary Schools Hunter Lake
Middle Schools Swope
High Schools Reno
Others
Tax ID 01108210
SqFt Source 9679
Special Listing Condition None