1301 Faland Way Unit 1, 2, 3, Reno, NV 89503
- $650,000
- 4
- BD
- 3
- BA
- 2,040
- SqFt
- List Price
- $650,000
- Status
- ACTIVE
- MLS#
- 260007966
- Subdivision
- University of Nevada, University Terrace
- Subdivision
- University Terrace
- Days on Market
- 39
- Year Built
- 1941
- Bedrooms
- 4
- Bathrooms
- 3
- Acres
- 0.10
- Living Area
- 2,040
- Lot Size
- 4,122
Property Description
LOCATION LOCATION LOCATION! This 3-unit multifamily property is gleaming with potential. Ideally located within walking distance of the University of Nevada, Reno and Downtown Reno, making it highly attractive to students, professionals, and renters alike. Each unit features its own private entrance, providing added privacy and appeal. The charming detached 1-bedroom, 1-bath "cottage" offers a generous side yard complete with raised garden beds and lots of space to play. The upstairs unit is a move-in-ready 2-bedroom, 1-bath with plenty of natural light and comfortable living space. The downstairs unit is a spacious 1-bedroom, 1-bath featuring an oversized bedroom and is currently vacant while undergoing cosmetic improvements. With a little vision and finishing touches, this property has the potential to achieve an estimated 7% CAP rate - an increasingly rare opportunity in today's market. Whether you're looking to expand your portfolio, house-hack, or invest in a high-demand rental area, this property checks all the boxes. Don't miss your chance, this one won't last long! Agents, please read private remarks.
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Additional Information
- Taxes
- $1,188
- Utilities
- Cellular Coverage, Water Meter Installed, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available, Oil Available
- Roof
- Pitched, Shingle
- Foundation
- Slab
- Garage Description
- Common, Parking Pad, Varies By Unit
- Elementary School
- Elmcrest
- Middle School
- Clayton
- High School
- Reno
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Courtesy of Nicholas Abe and RE/MAX Professionals-Reno. 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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