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.
Details
| MLS # | 260010158 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract-no Show |
| Year | 1955 |
| Days On Site | 16 |
| Listing Provided By | Real Broker LLC | Stephanie Zapata |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,146 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | MF30 |
| Acreage | 0.15 |
Interior
| Heating | Fireplace(s), Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Window Features | Double Pane Windows |
| Appliances | Disposal, Electric Cooktop, Electric Range, Refrigerator |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Exterior Features | Rain Gutters |
| Lot Features | Level, Sloped Down |
| Road Responsibility | Public Maintained Road |
| Foundation Details | None |
| Fencing | Back Yard, Front Yard |
Parking
| Parking Features | Permit Required |
|---|---|
| Garage Yes / No | No |
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Available, Internet Available, Sewer Available, Water Available, Cellular Coverage |
|---|---|
| Sewer | Public Sewer |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 1025 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89512 |
| Area | Washoe |
| Community Name | University Heights |
| School District | Hug |
| Elementary School | Lemelson Stem Academy |
| High School | Hug |
| Listing VS Median (in University Heights) | |
Price: $475,000 low | high Med: $9,287,500 sqft: 2,146 low | high Med: 94,792 $ / sqft: $221 low | high Med: $159 On site: 16 low | high Med: 10.5 | |
Market Activity 89512
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89512 |
| Area | Washoe |
| Community Name | University Heights |
| School District | Hug |
| Elementary School | Lemelson Stem Academy |
| High School | Hug |
| Listing VS Median (in University Heights) | |
Price: $475,000 low | high Med: $9,287,500 sqft: 2,146 low | high Med: 94,792 $ / sqft: $221 low | high Med: $159 On site: 16 low | high Med: 10.5 | |