PRICED TO SELL QUICK FALCON RIDGE TOWNHOME FINISHED LOTS BUILDERS / INVESTORS LOCATED IN ROBUST RENO, NV Stephen A. Carter Carter Real Estate, Inc. 702-526- 0014 stephen@carterrealestate.com
Table of Contents EXECUTIVE SUMMARY THE OFFERING IVVESTMENT HIGHLIGHTS Carter Real Estate, Inc. Stephen A. Carter 702-526- 0014 Robust Reno MARKET OVERVIEW FLOOD ZONE ATTACHMENTS BELOW Appraisal Renderings/Drawings APN Maps Employment Data Photo Demographics Vintage Reno
Executive Summary PRICED TO SELL QUICK EXPLODING RENO NV Falcon Ridge Townhome Finished Lots Reno NV EXECUTIVE SUMMARY/PROJECT HIGHLIGHTS Location: The property is located on the North side of El Rancho DR. East of Sun Valley Blvd. Reno NV Washoe County NV. Offering Summary: 142 Townhome sites delivered as finished lots permit ready. Total acreage: 25.59 acres APN: 035-660- 02 Fee simple Lot size: see APN Attachment Carter Real Estate, Inc. 702-526- 0014 Offering Price: $6,390,000 cash or terms suitable to seller. Municipality: Unincorporated Washoe County, Nevada Reno NV finished townhome lots permit ready Price under market @ $45k/finished lot. Market conditions according to Metro studies 1 st quarter 2016 Reno market report Average sales price for Washoe County NV was $418,000 (new construction) Average sales price per square foot was $164 (new construction) Average square footage built 2480 SF Washoe County represents 88% of new home construction activity
The Offering Carter Real Estate, Inc. 702-526- 0014 Falcon Ridge Townhome offers the homebuilder with an incredible opportunity to obtain strategic market share and position in the area of Reno NV. Easy access to downtown Reno via U.S. 395 and Interstate 80 to Sparks/Spanish Springs and all major growth patterns in the Reno/Sparks metropolitan basin. The immediate area is posed to grow to due several new companies relocating to the submarkets such as Sun Valley area. Company s with prominent presence such as Amazon.com, Marmot, Petco, and Urban Outfitters. Other notable employers, institutions within the area Desert Research Institute, Truckee Meadows Community College, and University of Nevada, Reno campus. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
Investment Highlights Carter Real Estate, Inc. 702-526- 0014 Excellent U.S. Hwy 395 and Interstate 80 access Close to major employment decanters Finished 142 Townhome lots permit ready Adjacent to Washoe County parks, open space, schools Strong Regional Job Growth
Market Overview Carter Real Estate, Inc. 702-526- 0014 Market Area See detailed reports in attachments Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
FLOOD ZONE MAP Carter Real Estate, Inc. 702-526- 0014 Flood Hazard Status: The subject is not located in a special flood hazard area according to the flood rate map for Washoe County, Nevada Community Panel number 32031C3034G dated 3/16/2009, Zone X for the buildable area and A zone for the common area. The flood map shows the subject s location.