MOD at Riverwalk II

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Address: 344 W 2nd St, Reno, NV 89503, USA
Created date: April 22, 2024
Date last updated: April 22, 2024
  • Brand New Construction
  • 48 two bed two bath units and 21 one bed one bath units
  • 1 Block From Reno’s Popular Reno Riverwalk District
  • Amenities Include Fitness Center, Covered Parking, Smart Home Technology
  • 10 Foot Ceilings
  • Call For Offers May 23, 2024

Property Description

The Mod at Riverwalk II is the premier new construction multifamily project in downtown Reno. The building consists of 79,443 sq ft with a total 69 units, a unit mix of 21 one bedroom one bathroom units and 48 two bedroom two bathroom units. The asset has a large variety of floorplans within both the one and two bedroom unit mixes all of which have 10 foot ceilings. Built in 2023 the apartment units feature Class A new modern finishes. In-unit washer and dryers, smart home technology, and high-end appliances help attract and secure tenants making the Mod at Riverwalk II stand out against its competition. Call for offers due May 23, 2024. The Mod at Riverwalk II offers an amazingly attractive location for tenants being within the Reno Riverwalk District and the Downtown Reno Submarket. Tenants can enjoy outdoor activities like kayaking or floating the Truckee River, enjoying outdoor concerts at Wingfield Park, Reno Wine Walk, and walking/running and biking trails. The Reno River festival features events like Great Reno River Rally, Reno River Roll, the RRF Cornhole Championships, Craft Beer and Hard Seltzer Tour, Streat Eats, MusicFest at Reno River Festival, and much more. The assets’ location offers direct access to shopping, restaurants, downtown Reno, and main thoroughfares and bus lines. The property location provides tenants unparalleled walkability to shopping, the areas newest restaurants, local events, nightlife, and recreation. Tenants enjoy direct access to the Truckee Riverwalk recreation areas and events.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 69
Year Built: 2022
Building Size: 79,443 Sq ft
Lot Size: 0.79 Acres
No. of Stories: 5
APN: 011-025-10
Zoning Code: MD-PD
Opportunity Zone: No
Property Website Click Here
Address: 344 W 2nd St, Reno, NV 89503, USA

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent

FINANCIAL DETAILS

Income/expense info: Pro Forma
Financial year: 2023
Gross income: 1854001
Effective Gross income: 1876992
Operating expenses: 519123
Net operating income: 1357869

Additional contacts

Full name Phone number Email address
Ben Galles 7757506429 [email protected]

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