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$425,000

INVESTOR SPECIAL | PRIME MIDTOWN LOCATION | VALUE-ADD OPPORTUNITY Bring your vision to 420 Holcomb Avenue, a rare value-add opportunity in the heart of Reno's highly sought-after Midtown district. Located just steps from some of Reno's best restaurants, bars, shopping, coffee shops, and local businesses, this property offers the ideal combination of location and upside for an investor, contractor, or experienced buyer looking for a true fixer-upper with significant potential. Situated on approximately 0.092 acres, the property consists of three separate buildings with three total units, each configured as a 1-bedroom, 1-bathroom residence. NOTE: One of the units has suffered fire damage/casualty and is currently non habitable/non rentable in need of significant restoration. The property is currently in poor condition and requires substantial renovation, repairs, and deferred maintenance, making this an ideal project for a contractor or buyer capable of executing a comprehensive renovation strategy. The opportunity lies in the pro forma rental upside. With the right investment of capital and improvements, a buyer may be able to substantially enhance the property's condition, functionality, curb appeal, and overall rental performance while benefiting from the strong demand and established desirability of the Midtown submarket. The location is a major asset, with convenient access to Midtown's vibrant dining, entertainment, retail, and neighborhood amenities, as well as Downtown Reno and surrounding employment centers. Properties offering multiple units in this established Midtown setting are increasingly difficult to find—particularly opportunities where a buyer can create value through renovation. Additional opportunity: The neighboring property at 452 Holcomb Avenue is also owned by the same seller, creating the potential for an interested buyer to explore the acquisition of both adjacent properties and pursue a larger investment strategy. Property is being sold in its current "as-is" condition. Buyer to independently verify all property details, zoning, allowable uses, rental potential, square footage, and development/renovation opportunities. Please do not disturb current tenants. Contact listing agent for showings by appointment only.

260012823 MLS

420 Holcomb Ave, Reno

$596,000

Historic Reno bungalow in the heart of Midtown district , just steps from local dining, shops, coffee, nightlife, and the Reno Public Market. This 1930s brick home offers 2 bedrooms, 1 bath, plus a bonus loft currently used as a third bedroom. Vintage character is complemented by a functional layout, a covered front porch perfect for relaxing and taking in the scenery, and fully fenced front and back yards. Washer and dryer hook-ups. Central AC and heating. Flexible neighborhood/multi-use corridor provides a range of possibilities, including: residential, live-work, office, retail, or short-term rental use. The 200 sq ft loft adds to the square footage and makes a convenient space for an office or even another bedroom. The dug out basement adds valuable storage, workshop, inventory, or equipment space. Recent improvements include a new sewer line (2023), repaired hardwood flooring, a brick patio, and side-yard DG upgrades. Properties with this combination of historic charm, mixed-use flexibility, and a premier Midtown Reno location rarely come to market and tend to attract strong interest. This property can be financed as residential. Check with your lender and don't miss your chance to secure this unique opportunity—schedule a private showing today and see firsthand everything this exceptional property has to offer before it's gone. Property is currently tenant occupied. Please do not disturb tenants. Showings are available by appointment only. Furnishings are negotiable.

2 Beds ⋅ 1 Baths ⋅ 260007302 MLS

127 E Pueblo St, Reno

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