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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

$970,000
9 Beds ⋅ 6 Baths ⋅ 260012416 MLS
Rare opportunity in central Reno! 1369 Faland Way comes with an approved Special Use Permit for boarding/rooming house use with up to 15 beds, and the City of Reno has confirmed the permit runs with the property, not the owner. This spacious home offers 9 bedrooms and 6 bathrooms, giving you plenty of room and flexibility for a wide range of uses. At the heart of the home is a very large kitchen built to handle a full house, plus two additional kitchenettes that add convenience and help spread out daily use. A separate office/flex space works well as a management office, study area, or extra common room. Parking includes 4 drive spaces, plus ample street partking, a real plus for a property of this size. Conveniently located near hospitals, bus lines, UNR, downtown, and restaurants. Opportunities like this with an existing Special Use Permit in place are hard to find. Buyer to verify all zoning, permit terms, and intended use with the City of Reno. Showings available upon receipt of accepted offer. Do not bother tenants.

1369 Faland Way, Reno

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© 2017 Northern Nevada Regional MLS, Inc. All Rights Reserved
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.

Information deemed reliable but not guaranteed