1045 Riverside DR Drive Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89503
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Powning Addition
MLS Listing ID 250003918
Year Built 1934
Annual Tax Amount $8,630
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 0.44
Property Sub-Type Multi Family
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
Community Powning Addition
Area Powning Addition
Zoning MF30
Direction Keystone Ave
Interior
Heating Natural Gas,Radiant
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Laundry Common Area
Exterior
Utilities Available Electricity Available,Internet Available,Natural Gas Available,Sewer Available,Water Available,Cellular Coverage
View Y/N No
Roof Type Flat
Building
Lot Description Landscaped,Sprinklers In Front,Other
Story 2
Water Public
Structure Type Frame,Stucco
Others
Tax ID 01108210
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional