1130 Evans Ave, Reno, NV 89512

Property Description

Rare investment opportunity directly across from the University of Nevada, Reno! Properties on this street rarely come to market, making this an exceptional opportunity for investors, house hackers, or parents looking to purchase for a UNR student. This spacious home offers approximately 2,146 square feet with 6 bedrooms and 2 bathrooms, featuring a functional layout with 3 bedrooms and 1 bathroom upstairs and 3 bedrooms and 1 bathroom downstairs. The shared kitchen, living room, and bathrooms create a layout well-suited for room-by-room rentals or student housing. Five of the six bedrooms are currently tenant occupied, providing immediate income potential, while one vacant room offers flexibility for an owner-occupant or the opportunity to lease at current market rates. The property also includes six dedicated off-street parking spaces, a valuable feature in this highly desirable university location. Conveniently located just steps from UNR, Mackay Stadium, downtown Reno, restaurants, shopping, and freeway access, this property is positioned in one of Northern Nevada's strongest rental markets. The home offers tremendous upside for the next owner. Whether you're looking to expand your investment portfolio, create additional cash flow, or build long-term equity through improvements, this property presents a rare value-add opportunity. TLC is needed, and the property is being sold as-is. Buyer to verify all information, including square footage, zoning, rental arrangements, and any intended use of the property.