ARLINGTON AVENUE OLD SOUTHWEST 820 S Arlington Ave

NAI Alliance is pleased to present this impeccably maintained and ideally located 11-unit apartment portfolio. Located at 820
Arlington, 840 Arlington, and 447 West Taylor Street, there are (2) Four-plexes and a Tri-Plex, all adjacent to each other. Built between
1922 and 1942, these buildings were constructed for the short-term residential boom of the early 20th century, and classic quality
architecture and comfort of living space that has so often been since ignored. All 3 properties have gone through significant renovation
with updated plumbing, electrical, roof and mechanical systems, and the addition of laundry facilities.
This is a truly rare opportunity to acquire 3 adjacent properties under the same ownership in the highly coveted Old Southwest part of
Reno, where quality of life, walkability, schools and rent integrity are of the highest standard. This property has been self-managed and
has a low expense factor, but the pro-forma financial projections include an increased management expense factor to accommodate
an out-of-market Buyer if there is a desire to add professional property management in the projections. Actual rents are significantly
below market, and the property has practically no vacancy with tenant lease renewal more common than most properties. Actual
financials and any inspections will be provided only with an accepted Purchase and Sale Agreement and a signed NDA from a
qualified Buyer.
Please do not disturb tenants.