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Jennifer Cross

jencross1998@gmail.com +1(775) 247-4461

$ 18,100,000

Est. payment | -/mo

187,439 SqFt

Save

$ 18,100,000

Est. payment | -/mo

Save

187,439 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 187,439 sqft

Price per Sqft $96

Subdivision University Heights

MLS Listing ID 260010626

Year Built 1982

Annual Tax Amount $37,489

Lot Size 4.303 Acres

Acres 4.3

Lot Dimensions 4.3

Property Sub-Type Multi Family

Property Description

UNIQUE TURNKEY INVESTMENT OPPORTUNITY: 207-UNIT MULTIFAMILY ASSET IN NW CARSON CITY, NEVADA! | Located on 4.3 acres near Western Nevada College & I-580 (just 20 mins to Reno), this stabilized community is predominantly occupied by working adults & seniors. | PROPERTY LAYOUT: 6 total buildings. The 5 two-story residential buildings feature 207 private bed/bath suites arranged in efficient 4-bed "quad" layouts with shared full kitchens. | The dedicated single-story building serves as the central operations hub, housing the main office, on-site laundromat, a management unit, and a maintenance shop complete with a roll-up door and additional storage. | EXCEPTIONAL CAPITAL EXPENSES & PROACTIVE MAINTENANCE: Showcasing the true pride of a proactive and caring ownership, this property benefits from a consistent, hands-on approach to maintenance. Major capital has been deployed to ensure long-term physical stability, including over 250,000 in capitalized improvements in 2025 (full exterior paint & extensive concrete/asphalt repairs), plus NEWER ROOFS on all 6 buildings. Most units feature updated hardwood laminate floors. The owner recently modernized the keying system across all units—enabling management to instantly rekey and change locks on-site. Proactive, annual preventive maintenance on every individual AC unit and annual health and safety for fire and CO2 detectors, including annual battery replacements. | STABLE REVENUE & ALL-INCLUSIVE UTILITIES: Units are actively leasing at 850/mo. Rent covers all utilities (electric, gas, water, sewer, trash), creating a highly attractive all-inclusive model that drives exceptional tenant stability and retention. Additional income streams include the laundromat and optional in-room refrigerator rental fees. Complete financial package available upon receipt of offer. | AMENITIES: Current ownership and diligent staff has created a community hub featuring a central rec room (equipped with a wet bar, vending machines, lending library & TV), outdoor BBQ/picnic areas, and a dedicated on-site JAC transit bus stop for ultimate tenant convenience. A truly turnkey asset!

Location

State NV

County Carson City

Community University Heights

Area University Heights

Zoning MFA

Direction From N Carson St (US-395), head west on W College Pkwy toward Western Nevada College. Property is on the right before Campus Way.

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Electric, Wall/Window Unit(s)

Flooring Ceramic Tile

Equipment Satellite Dish

Fireplace No

Laundry Common Area

Exterior

Parking Features Accessible Parking, Lighted, Off Street, On Site, On Street, Parking Lot

Utilities Available Electricity Connected, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Cellular Coverage

View Y/N No

Roof Type Asphalt

Garage No

Building

Lot Description Corner Lot, Gentle Sloping, Sloped Up, Sprinklers In Front, Sprinklers In Rear

Story 2

Foundation Crawl Space

Water Public

Structure Type Masonite,Vertical Siding

Others

Tax ID 007-331-01

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Coldwell Banker Select Reno

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(775) 247-4461

jencross1998@gmail.com

Learn More About LPT Realty

2060 W College Pkwy Carson City, NV 89703