The Kramer's Portfolio

The Kramer's Portfolio (Kramer’s Midtown & Kramer’s Midtown V) is a unique concept delivered to the market by the ownership, Kramer Properties. Kramer Properties has continuously led Reno’s Midtown market through their modern concepts and unique aesthetics they incorporate into each of their assets. The Kramer’s Portfolio is a further expansion from the multifamily living brand that mixes a modern retro vibe, reminiscent of the 1950’s with modern touches and finishes that create a unique environment for tenants to enjoy.
Originally, Kramer's Midtown was a 1950 built motel, formerly the El Dorado Motel, and is zoned Mixed Use which opens an investor to the options of continuing operations as a traditional multifamily living, running as a motel, or as a hybrid by operating in both regards. The current ownership has found success through both facets but currently operates solely as multifamily utilizing 6-to-12-month leases. Kramer’s Midtown also serves as the only currently operating, multifamily complex directly on Virginia Street (a main thoroughfare) within Reno’s MidTown district.
Kramer's Midtown V began as an asset that was structurally sound through its brick construction, though had dated interiors and common areas. Kramer Properties took this asset and brought it into the 21st Century by completely modernizing the living spaces, to fit the demand of the current tenant profile. Each unit features individual mini-split systems to provide A/C and heat, stainless steel appliance packages, contemporary fixtures, and quartz counters with undermount sinks. The units also include a stackable washer/dryer combo, keyless entries, and luxury bathroom finishes including rain head showers, LED backlit mirrors with various temperature lighting, custom tile shower benches, and full tile surrounds with glass doors. The entire property features a 24 hour surveillance system along with an exterior light system to completely illuminate the property, giving tenants an increased feeling of comfort and safety in an already safe neighborhood.
Structurally, Kramer’s Midtown is sound and is built with a wood/steel frame, brick veneer, and a pitched, composite-shingle roof. Through the renovations, which were completed in 2020, the ownership has injected over $1.8 million of capital into the asset including major improvements to the structure, roof, and mechanical systems of the property, as well as the FF&E, signage and artistic mural, and landscaping. Kramer Properties further took this solid asset and brought it into the 21st Century by completely modernizing the living spaces to fit the demand of the current tenant profile. Each unit comes fully furnished with either a full- or queen-sized Murphy bed, flat screen TV, individual mini-split systems to provide A/C and heat, vinyl-plank tile flooring, a stainless steel appliance package, contemporary fixtures, and modern cabinets with granite countertops. Each unit also includes keyless entry, high-speed internet, an induction cooktop with pots & pans, and full tile-surround bathrooms. The entire property features a 24-hour surveillance system along with an exterior light system to completely illuminate the property, giving tenants an increased feeling of comfort and safety in an already safe neighborhood. Kramer’s Midtown also offers tenants onsite laundry, designated parking, and a luxury clubhouse to relax and socialize, which includes a coffee bar, pool table, gaslit fireplace, TV, and opens up to a street front patio to experience the excitement of Virginia Street.
The Kramer’s Portfolio is fully turnkey and will provide a safe haven for any investor's capital. Given the premier location of the MidTown submarket, substantial physical and mechanical upgrades, and incomparable level of upgrade, Kramer's Midtown will always be an occupied asset and produce consistent cash flow for the foreseeable future.