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$1,020,000
260006432 MLS
Rare opportunity to acquire a 10-unit condo portfolio in Reno with multiple exit strategies. All 10 units are currently tenant occupied with long-term month-to-month tenants in place. Current rents appear to be below market, creating a clear opportunity for an investor to increase income over time and improve overall yield. Based on current income, the portfolio is offered at approximately a 4.5% cap rate, with projected stabilized income showing an estimated cap rate of approximately 6.3% once rents are moved closer to market. This offering may appeal to both buy-and-hold investors and value-add/flipper-style investors. A buyer can hold the units for rental income and improve cash flow through rent stabilization, or potentially renovate and sell individual condos over time to capture the spread between the bulk portfolio price and individual unit resale values. The portfolio is being offered as one package, providing a buyer the ability to acquire scale in a single transaction without having to assemble units one by one. Investment Highlights: 10-unit condo portfolio in Reno All units tenant occupied Long-term month-to-month tenants Current rents appear below market Offered at 1,125,000 Estimated current cap rate: 4.5 Estimated stabilized cap rate: 6.3 Estimated individual condo sell-off value: 1,590,000 Upside through rent increases, renovations, or individual condo resale Strong fit for buy-and-hold, value-add, or fix-and-flip investors Tenants are not to be disturbed. Showings are subject to accepted offer and buyer verification. Financials are based on rent rolls and estimates; buyer to verify all rents, expenses, HOA information, utilities, condition, and resale assumptions during due diligence.

4600 Neil Rd Unit APT 37, Reno

$208,500
2 Beds 1 Baths 260005232 MLS
Welcome to this beautifully remodeled upstairs 2-bedroom, 1-bath condo offering a clean, modern feel and easy, low-maintenance living. From the moment you step inside, you'll notice the fresh, contemporary finishes throughout, including updated flooring, crisp interior paint, and an abundance of natural light that fills the open living space. The spacious layout flows seamlessly to a private balcony, creating the perfect spot to relax and enjoy the surrounding views. The kitchen has been thoughtfully updated with sleek cabinetry, modern countertops, and newer appliances, providing both style and functionality. The bathroom has been fully refreshed with designer-inspired touches, including a striking tiled shower, updated vanity, and matte black fixtures that give the space a polished, upscale feel. Both bedrooms are generously sized with ample closet space, making this home ideal for comfortable living or a strong rental opportunity. As an upstairs unit, you'll appreciate the added privacy and quiet setting. The community HOA offers great amenities, including a pool and tennis courts, adding to the overall lifestyle appeal. Conveniently located near shopping, dining, and everyday essentials, this turnkey condo is a fantastic opportunity for homeowners and investors alike.

4600 Neil Rd Unit APT 2, Reno

$143,000
1 Beds 1 Baths 260002846 MLS
Located on the upper level at Peckham Gardens, this 1 bedroom/1bath unit has been beautifully updated with new LVP waterproof flooring, new interior paint, new light fixtures, new bathroom mirror & showerhead and the bath faucet is just 3 years old. New fan/light in bathroom: 2/2021. The kitchen has a new sink cabinet, new sink, faucet, water valves and plumbing. There is a new fan for the stove as well. Water heater was replaced: 12/2020. The windows have been updated with vinyl windows and sliding glass doors. The outdoor deck has extra storage. It has southern exposure, and you can see the mountains from the living areas! You also have a view of the pickleball courts! The interior of the condo and the windows have been professionally cleaned! Walking distance to Meadowood Mall, shopping, food, schools and more. HOA includes water, garbage, insured structure, NEW tennis and pickleball courts, pool, additional parking, and carport, common area maintenance, exterior building maintenance and landscaping maintenance. Peckham Gardens CHOA is a 276-unit condominium complex with 36 buildings. You won't find a cleaner, well-maintained complex! Please note, some of the photos have been virtually staged.

4608 Neil Rd Unit 268, Reno

$155,000
1 Beds 1 Baths 260000686 MLS
Welcome to this charming 1-bedroom ground level condo in desirable Peckham Gardens. It's move-in ready! Fresh interior paint and new flooring throughout highlight a well-designed floorplan that maximizes comfort and functionality. Situated on the ground level, this home features a private patio, perfect for morning coffee or relaxing evenings. Enjoy the convenience of a washer and dryer included in the unit, along with covered parking just steps away. HOA dues include water and garbage, adding to the ease of low-maintenance living. Residents also enjoy access to a community swimming pool along with a newly constructed tennis and pickleball court, offering an active and social lifestyle in a well-maintained community! Wonderful location too! Find great shopping and restaurants nearby and just minutes to the Reno Tahoe International airport.

4602 Neil Rd Unit Apt 83, Reno

$200,000
2 Beds 1 Baths 250055198 MLS
Remodeled and move-in ready, this South Reno condo in the desirable Peckham Gardens community presents an excellent opportunity for investors or first-time buyers seeking a low-maintenance property. The 860 sq ft, two-bedroom, one-bath unit features brand-new Debella windows with a 20-year warranty, new vinyl plank flooring, and fresh interior paint throughout—providing durability and modern appeal for long-term ownership. The updated kitchen includes white shaker cabinetry with added shelving for enhanced storage, a brand-new oven and stove, dishwasher, and GE stainless steel refrigerator. Significant capital improvements include a brand-new HVAC system with a 10-year warranty, updated plumbing in the kitchen and bathroom, and new faucets—reducing future maintenance costs. Additional upgrades include new lighting fixtures and updated switches throughout. The unit offers a private patio, designated carport parking, and access to community laundry facilities. Peckham Gardens residents enjoy amenities including a seasonal pool, tennis courts, and well-maintained common areas. Ideally located within walking distance to Meadowood Mall, public transportation, dining, and shopping, this property offers strong rental appeal and convenient tenant access.

4602 Neil Rd Unit 58, Reno

$150,000
1 Beds 1 Baths 250050623 MLS
Discover comfort and convenience in this beautifully renovated 1-bedroom, 1-bath condo located in a desirable Reno community. This charming unit features brand-new cabinets, stylish countertops, and modern appliances, giving the kitchen a fresh, contemporary feel. Luxury vinyl plank flooring runs throughout the home, offering durability and a clean, modern look. The open living area provides a comfortable space to relax or entertain, while large windows bring in plenty of natural light. The bedroom is well-sized with ample closet space. Whether you're a first-time buyer, downsizing, or looking for an investment property, this home is move-in ready and low maintenance. Enjoy access to the community pool—perfect for cooling off during Reno's sunny summers. Located close to shopping, dining, parks, and easy freeway access, this property puts you near everything you need while still offering a peaceful residential setting. Don't miss your chance to own this turn-key condo in a convenient and growing area of Reno. Schedule a tour today!

4608 Neil Rd Unit UNIT 226, Reno

$190,000
2 Beds 1 Baths 250057082 MLS
Cozy & Clean Condo in the Heart of Reno! Welcome to this charming 2-bedroom, 1-bathroom condo perfectly located in the heart of Reno! This inviting unit is super cozy, exceptionally clean, and move-in ready—ideal for first-time homebuyers or anyone seeking a low-maintenance lifestyle. Step inside to find beautiful LVP flooring throughout, adding both style and durability. The kitchen comes fully equipped with modern appliances, all in excellent condition, making meal prep a breeze. The open layout provides a comfortable flow between living, dining, and kitchen spaces—perfect for relaxing or entertaining. Enjoy access to a sparkling community pool, perfect for cooling off on warm summer days. Conveniently situated near all major freeways, this home offers easy access to shopping, dining, schools, and everything Reno has to offer. Don't miss out on this wonderful opportunity to own a clean, affordable, and conveniently located condo in one of Reno's most accessible areas!

4604 Neil Rd Unit 114, Reno

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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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