400 Minerva Lane

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400 Minerva Lane

Reno, NV 89503
Asking Price
$899K
Asset Type
Commercial Land
Class
Class B

What's Special

Land | 0.435 acres <ul><li>​PREMIER LOCATION NEAR UNR & DOWNTOWN RENO</li><li>​MF-30 ZONING WITH DENSITY BONUS POTENTIAL</li><li>​WALKABLE URBAN LOCATION</li><li>​TWO CONTIGUOUS PARCELS FOR FLEXIBLE DEVELOPMENT</li><li>​STRONG RENTAL DEMAND DRIVERS</li><li>​LOCATED IN HIGH-DEMAND RENTAL CORRIDOR</li><li>​DRIVEN BY UNR GROWTH AND IN-MIGRATION</li><li>​FLEXIBLE DEVELOPMENT CONFIGURATIONS</li><li>​STRONG LONG-TERM APPRECIATION POTENTIAL</li></ul>

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NOI
$80,000
Cap Rate
8.90%
DSCR
1.50
Strong
Cash-on-Cash
9.87%
Monthly Payment
$4,447.761
Annual Cash Flow
$26,626.862

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