The Point West University | 1400 Stardust St
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The Point West University 1400 Stardust St
124 Unit Block of Flats £17,148,582 (£138,295/Unit) Reno, NV 89503
EXECUTIVE SUMMARY
Pre-Leasing NOW! NAI Alliance is pleased to present this major re-positioning by Repvblik Development Group, with multifamily-compliant upgrades to electrical, plumbing, and life-safety systems. This project is designed to accommodate Reno’s enormous demand for workforce housing, and as such, these newly remodeled studios are priced affordably and will fill up fast. Construction was completed in early November 2023, and pre-leasing has already begun. Its sister property in MidTown achieved 68% leased this month.
The subject propertie was originally a two-story motel built in 1974. The buildings is ±32,400 square feet, situated on ±1.96 acres zoned General Commercial.
1400 Stardust Street is in northwest Reno, is close to Interstate 80. Assessor’s Parcel Numbers are 006-151-06. The highly visible and easily accessible location feature 124 rehabilitated studio apartments.
There are currently 6 similar properties on the market within 10 miles distance of the Subject Property.
The subject propertie was originally a two-story motel built in 1974. The buildings is ±32,400 square feet, situated on ±1.96 acres zoned General Commercial.
1400 Stardust Street is in northwest Reno, is close to Interstate 80. Assessor’s Parcel Numbers are 006-151-06. The highly visible and easily accessible location feature 124 rehabilitated studio apartments.
There are currently 6 similar properties on the market within 10 miles distance of the Subject Property.
PROPERTY FACTS
| Price | £17,148,582 | Building Class | C |
| Price Per Unit | £138,295 | Lot Size | 1.94 AC |
| Sale Type | Investment | Building Size | 32,400 SF |
| No. Units | 124 | Average Occupancy | 0% |
| Property Type | Multifamily | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Low Rise | Parking Ratio | 2.78/1,000 SF |
| Price | £17,148,582 |
| Price Per Unit | £138,295 |
| Sale Type | Investment |
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.94 AC |
| Building Size | 32,400 SF |
| Average Occupancy | 0% |
| Number of Floors | 2 |
| Year Built | 2023 |
| Parking Ratio | 2.78/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Refrigerator
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 124 | - | 206 |
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 006-151-06 | Improvements Assessment | £537,941 |
| Land Assessment | £745,604 | Total Assessment | £1,283,546 |
PROPERTY TAXES
Parcel Number
006-151-06
Land Assessment
£745,604
Improvements Assessment
£537,941
Total Assessment
£1,283,546
ZONING
| Zoning Code | Commercial (124 unit Multi-Family) |
| Commercial (124 unit Multi-Family) |
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The Point West University | 1400 Stardust St
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