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Excellent investment opportunity in the heart of Midtown Reno! This well-maintained triplex consists of a duplex with separate gas and electric meters for each unit and a shared water meter, plus a detached third unit with its own water, gas, and electric meters. All three units have been fully remodeled and feature luxury vinyl plank flooring, updated ABS waste lines, stainless steel appliances, and gas ranges. Each unit is currently leased on one-year agreements at $1,395 per month, providing immediate rental income. Situated on an MF-30 zoned lot, the property offers exceptional redevelopment potential, with zoning allowing for up to six units (buyer to verify with the City of Reno). Whether you're seeking a turnkey income property or a future development opportunity, this is a rare investment in one of Reno's most desirable central locations.

3 Beds ⋅ 3 Baths ⋅ 260008423 MLS

Excellent investment opportunity in the heart of Midtown Reno! This well-maintained triplex consists of a duplex with separate gas and electric meters for each unit and a shared water meter, plus a detached third unit with its own water, gas, and electric meters. All three units have been fully remodeled and feature luxury vinyl plank flooring, updated ABS waste lines, stainless steel appliances, and gas ranges. Each unit is currently leased on one-year agreements at $1,395 per month, providing immediate rental income. Situated on an MF-30 zoned lot, the property offers exceptional redevelopment potential, with zoning allowing for up to six units (buyer to verify with the City of Reno). Whether you're seeking a turnkey income property or a future development opportunity, this is a rare investment in one of Reno's most desirable central locations.

330 Broadway Blvd, Reno

The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.

6 Beds ⋅ 4 Baths ⋅ 260007314 MLS

The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.

468 Capitol Hill Ave, Reno

Discover an unparalleled investment opportunity in the heart of a rapidly growing area! This vacant lot is situated just next to Midtown, one of the city's most sought-after and vibrant neighborhoods. Why is this the perfect investment? The seller provides building plans for two stunning duplexes! Imagine four spacious units, each boasting 3 bedrooms and 2.5 bathrooms ideal for families, young professionals, or anyone looking for modern, comfortable living. With Midtown's skyrocketing popularity and its proximity to this lot, demand for quality housing is at an all-time high. Adding to this, the lot offers a wealth of opportunities and is conveniently located near shopping centers and the exciting Reno Experience District.

Discover an unparalleled investment opportunity in the heart of a rapidly growing area! This vacant lot is situated just next to Midtown, one of the city's most sought-after and vibrant neighborhoods. Why is this the perfect investment? The seller provides building plans for two stunning duplexes! Imagine four spacious units, each boasting 3 bedrooms and 2.5 bathrooms ideal for families, young professionals, or anyone looking for modern, comfortable living. With Midtown's skyrocketing popularity and its proximity to this lot, demand for quality housing is at an all-time high. Adding to this, the lot offers a wealth of opportunities and is conveniently located near shopping centers and the exciting Reno Experience District.

537 Colorado River Blvd, Reno

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Data last updated on 06/28/2017.

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