DCG’s multifamily team, Trevor Richardson and Chris Moton are pleased to announce the sale of 420 Burns Street which sold to John Vasicek for $587,600 on December 21, 2020.
The Burns 4-plex is a Wells Corridor multifamily property with high upside potential. The current tenants are all on a month to month lease and far below market rents for this excellent location.
The property is located blocks from Midtown Reno, which is the center for gentrification for the entire city. Between the vibrant Wells Corridor and Midtown District, tenants will enjoy some of the best nightlife and retail that Reno has to offer.
The desirability of this area also leads to some of the highest rents in the market on a per square foot basis.