280 Island Ave Unit APT 1002, Reno, NV 89501

$205,000
1
BD
2
BA
751
SqFt

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List Price
$205,000
Status
ACTIVE UNDER CONTRACT
MLS#
260003287
Subdivision
Downtown Reno
Subdivision
Park Towers
Price Change
▼ $14,900 1777600835
Days on Market
130
Year Built
1961
Short Sale
Yes
Bedrooms
1
Bathrooms
2
Acres
0.02
Living Area
751
Stories
17
Lot Size
751

Property Description

Park Tower is a downtown Reno high rise that permits short term rentals. This 10th floor unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. This is a short sale and subject to lien holder approval. The building sits on Island Avenue directly above the Truckee River and Wingfield Park. The unit faces west with direct views of the river, the park, and the Sierra Nevada. The Riverwalk District is right outside with immediate access to dining, coffee, and nightlife. Mount Rose and Lake Tahoe are a short drive for skiing and year round outdoor access. The building features a shared rooftop deck. Buyers should conduct their own due diligence regarding income potential. Whether you are adding to a portfolio or executing a 1031 exchange, this is a rare opportunity to acquire a short term rental asset in downtown Reno.

Additional Information

Hoa
Yes
Hoa Fee
$675
Hoa Includes
Gated, Management
Taxes
$1,071
Utilities
Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Internet Available
Stories
17
View
City, Mountain(s), Park/Greenbelt, Trees/Woods
Roof
Flat
Foundation
Slab
Garage Description
Detached, Garage, Underground, Permit Required
Elementary School
Mt. Rose
Middle School
Swope
High School
Reno

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Courtesy of James Von Dorsten and RE/MAX Gold-Midtown. Contact:

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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