Wheeler Apartments 342 Wheeler Ave Immeuble residentiel 16 lots 2 243 722 € (140 233 €/Lot) Taux de capitalisation 5,91 % Reno, NV 89502

Please do not disturb the property or tenants. Tours available upon request and must be scheduled through the listing agent.
Marcus & Millichap is pleased to present the opportunity to acquire 338 & 342 Wheeler Avenue, a well-maintained 16-unit multifamily asset ideally located at the intersection of MidTown and the Wells Avenue District in Reno, Nevada. Owned by the same family since the 1980s, the property is now poised for a new owner to unlock additional value through a programmatic interior renovation. The unit mix includes: 1 Studio, 7 One-Bedroom / One-Bath Units, and 8 Two-Bedroom / One-Bath Units. Each unit features a refrigerator, stove, & dishwasher appliance package, a wall-unit A/C, and either forced-air or in-wall gas heater. The property offers ample off-street parking, on-site laundry, and mature landscaping.
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Outstanding Location & Nearby Redevelopment
One of Wheeler's best benefits is its location and proximity to major redevelopments, and the ease of access to amenities, jobs, and lifestyle that Northern Nevada has to offer. The location is within walking distance of both Reno’s MidTown & Wells Avenue Districts that offer dining, nightlife, and boutique shopping experiences for the entire City. Once a blighted area of Reno, the two Districts are now home to some of Reno’s best bars, restaurants and bring people from all over the city to experience the best Reno has to offer. Other attractions, all walking distance to 338/342 Wheeler, are The Discovery Museum, Nevada Museum of Art, the Truckee River, and the Pioneer Center for the Performing Arts.