437 Church Street, Reno, NV 89503 listing details

For sale to a qualified investor, developer, and/or contractor an extraordinary investment and development opportunity in downtown Reno. This unique remodel opportunity is comprised of 16 individual apartment units with a unit mix of 2 one bedroom, one bath and 14 studio apartments. In their current state the apartments are not habitable and will take improvements such as: plumbing, electrical and interior finishes to make habitable. The structural components of the property appear to be in good condition, but would need to be verified. This is not a small project and should only be considered by a qualified/experienced investor, developer, and/or contractor to facilitate this project. The current owner will proceed with the project starting in mid April but would like to sell the project in its "AS IS, WHERE IS" condition. Listing price will be adjusted as the work proceeds. The project does have a positive cash flow upon completion of the remodeling and stabalization of rents.