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Multifamily

Kramer's Midtown V

70 Walts Ln, Reno, NV 89509

Listing Price: $2,725,000

Cap Rate
5.29%
Number of Units
8
Occupancy
96.0%
Price/Unit
$340,625
Price/Gross SF
$689.52
Gross SF
3,952

Investment Overview

Kramer's Midtown V is the fifth iteration in a series of assets that have been delivered to the market by the ownership, Kramer Properties. Kramer Properties has successfully replicated this concept through their seasoned experience in the development and redevelopment of multifamily assets, with a specialty in the Midtown submarket. Kramer's Midtown V began as an asset that was structurally sound through its brick construction, though had dated interiors and common areas. Kramer Properties took this asset and brought it into the 21st Century by completely modernizing the living spaces, to fit the demand of the current tenant profile. Each unit features individual mini-split systems to provide A/C and heat, stainless steel appliance packages, contemporary fixtures, and stone counters with undermount sinks. The units also include a stackable washer/dryer combo, keyless entries, and luxury bathroom finishes including rain head showers and full tile surrounds with glass doors. The entire property features a 24 hour surveillance system along with an exterior light system to completely illuminate the property, giving tenants an increased feeling of comfort and safety in an already safe neighborhood. Kramer's Midtown V is fully-turnkey, and will provide a safe haven for any investor's capital. Given the premier location in the Midtown submarket, substantial physical upgrades, and incomparable level of upgrade, Kramer's V will always be an occupied asset and produce consistent cash flow for the foreseeable future.

Investment Highlights

  • Extensively Renovated Internally with Luxury, High-End Finishes and Entirely Upgraded Mechanically Including All New Electrical and Plumbing
  • Midtown Location and Within Walking Distance Top Dining, Entertainment, and Shopping
  • Strong, Stabilized Asset Achieving High Rents in the Strongest Submarket in the MSA

Exclusively Listed By

Multifamily

Kramer's Midtown V

Listing Price: $2,725,000

Cap Rate
5.29%
Number of Units
8
Occupancy
96.0%
Price/Unit
$340,625
Price/Gross SF
$689.52
Gross SF
3,952

Investment Highlights

  • Extensively Renovated Internally with Luxury, High-End Finishes and Entirely Upgraded Mechanically Including All New Electrical and Plumbing
  • Midtown Location and Within Walking Distance Top Dining, Entertainment, and Shopping
  • Strong, Stabilized Asset Achieving High Rents in the Strongest Submarket in the MSA

Investment Overview

Kramer's Midtown V is the fifth iteration in a series of assets that have been delivered to the market by the ownership, Kramer Properties. Kramer Properties has successfully replicated this concept through their seasoned experience in the development and redevelopment of multifamily assets, with a specialty in the Midtown submarket. Kramer's Midtown V began as an asset that was structurally sound through its brick construction, though had dated interiors and common areas. Kramer Properties took this asset and brought it into the 21st Century by completely modernizing the living spaces, to fit the demand of the current tenant profile. Each unit features individual mini-split systems to provide A/C and heat, stainless steel appliance packages, contemporary fixtures, and stone counters with undermount sinks. The units also include a stackable washer/dryer combo, keyless entries, and luxury bathroom finishes including rain head showers and full tile surrounds with glass doors. The entire property features a 24 hour surveillance system along with an exterior light system to completely illuminate the property, giving tenants an increased feeling of comfort and safety in an already safe neighborhood. Kramer's Midtown V is fully-turnkey, and will provide a safe haven for any investor's capital. Given the premier location in the Midtown submarket, substantial physical upgrades, and incomparable level of upgrade, Kramer's V will always be an occupied asset and produce consistent cash flow for the foreseeable future.

Exclusively Listed By

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