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Multifamily

300 Holcomb

300 Holcomb Ave, Reno, NV 89502

Listing Price: $9,500,000

Cap Rate
4.88%
Number of Units
43
Occupancy
95.0%
Price/Unit
$220,930
Price/Gross SF
$346.31
Gross SF
27,432

Investment Overview

Marcus & Millichap is proud to present for sale, 300 Holcomb, a renovated modern studio and one-bedroom apartment community located at the intersection of Reno's Downtown and Midtown districts. 300 Holcomb features 43 units in a recently modernized three-story building with contemporary amenities and security features, as well as luxury finishes within the apartments, perfectly catered to the urban demographic of its location. The highly desirable location is one of the most unique and best defining features of the Asset. Midtown is one of the highest demanded locations for rentals in all of Reno, due to its close proximity to dining, nightlife, boutique shopping, fitness studios, and employment opportunities. Downtown Reno offers additional entertainment and employment options, including The Row casinos, the Neon Line District, and the Reno Events Center. The University of Nevada, Reno and Truckee Meadows Community College (TMCC) are less than a 10-minute drive away, and two shopping centers are located within a 10-minute walk from the community. 300 Holcomb currently features a Walk Score of 93 and a Bike Score of 91, making it a Walker's and Biker's Paradise. Units come with brand-new granite countertops, stainless steel appliances, and tile backsplash in the kitchens. The complex itself has modernized with double entry security and provides additional income through its on-site laundry facilities. Another unique feature on the property is the custom mural on the east side of the building. The distinctive artwork was commissioned from local Reno artist, Hannah Eddy, who is known for her bold colorful designs and has worked with clients like Patagonia, Hydroflask, GNU Snowboards, and other well established brands. 300 Holcomb represents a rare opportunity to acquire a highly desirable complex in one of the most sought after locations Reno offers.

Investment Highlights

  • Premier Downtown Location
  • Attractive to Urban Demographic
  • Assumable Loan Option

Exclusively Listed By

Multifamily

300 Holcomb

Listing Price: $9,500,000

Cap Rate
4.88%
Number of Units
43
Occupancy
95.0%
Price/Unit
$220,930
Price/Gross SF
$346.31
Gross SF
27,432

Investment Highlights

  • Premier Downtown Location
  • Attractive to Urban Demographic
  • Assumable Loan Option

Investment Overview

Marcus & Millichap is proud to present for sale, 300 Holcomb, a renovated modern studio and one-bedroom apartment community located at the intersection of Reno's Downtown and Midtown districts. 300 Holcomb features 43 units in a recently modernized three-story building with contemporary amenities and security features, as well as luxury finishes within the apartments, perfectly catered to the urban demographic of its location. The highly desirable location is one of the most unique and best defining features of the Asset. Midtown is one of the highest demanded locations for rentals in all of Reno, due to its close proximity to dining, nightlife, boutique shopping, fitness studios, and employment opportunities. Downtown Reno offers additional entertainment and employment options, including The Row casinos, the Neon Line District, and the Reno Events Center. The University of Nevada, Reno and Truckee Meadows Community College (TMCC) are less than a 10-minute drive away, and two shopping centers are located within a 10-minute walk from the community. 300 Holcomb currently features a Walk Score of 93 and a Bike Score of 91, making it a Walker's and Biker's Paradise. Units come with brand-new granite countertops, stainless steel appliances, and tile backsplash in the kitchens. The complex itself has modernized with double entry security and provides additional income through its on-site laundry facilities. Another unique feature on the property is the custom mural on the east side of the building. The distinctive artwork was commissioned from local Reno artist, Hannah Eddy, who is known for her bold colorful designs and has worked with clients like Patagonia, Hydroflask, GNU Snowboards, and other well established brands. 300 Holcomb represents a rare opportunity to acquire a highly desirable complex in one of the most sought after locations Reno offers.

Exclusively Listed By

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