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$1,325,000
9 Beds 7 Baths 260010463 MLS
University Cottage at Ralston consists of one existing duplex and room to add additional units on the lot. The property sits on a large 0.275 acre lot with MF-14 zoning within the University rental submarket. There are a total of 9 bedrooms and 5.5 bathrooms. The property has been fully remodeled with tons of capex expenditures completed. This asset has newer tankless water heaters, multiple mini splits, recent exterior paint, newer roof, new electrical, new plumbing, and beautiful curb appeal. The interiors feature LVP and wood look tile flooring, wood beams, upgraded wall texture, full tile bathroom showers, modern wood look cabinets, and quartz countertops with stainless steel appliances. Tenants enjoy on-site parking on a larger private corner lot, in-unit laundry, walk around porch, and modern finishes with a classic feel throughout. It is also a short distance to the University of Nevada Reno making it a perfect student housing investment opportunity.

1104 Ralston St, Reno

$475,000
6 Beds 2 Baths 260010158 MLS
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.

1130 Evans Ave, Reno

$650,000
4 Beds 3 Baths 260007966 MLS
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.

1301 Faland Way Unit 1, 2, 3, Reno

$740,000
8 Beds 4 Baths 260001005 MLS
Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.

650 Denslowe Dr, Reno

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Data last updated on 06/28/2017.

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