650 Denslowe DR, Reno, NV 89512
650 Denslowe DR, Reno, NV 89512
650 Denslowe DR, Reno, NV 89512
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Richard Berman

Richard Berman

+1(775) 450-1940
$740,000
Est. payment /mo
8 Beds
4 Baths
2,966 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,966 sqft

Price per Sqft $249

Subdivision Sterling Village

MLS Listing ID 260001005

Bedrooms 8

Year Built 1952

Annual Tax Amount $1,020

Lot Size 6,186 Sqft

Acres 0.14

Lot Dimensions 0.14

Property Sub-Type Quadruplex

Property Description

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.

Location

State NV

County Washoe

Community Sterling Village

Area Sterling Village

Zoning MF30

Interior

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s), Varies By Unit

Flooring Ceramic Tile

Fireplace No

Laundry None

Exterior

Exterior Feature Balcony

Parking Features Common

Pool None

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cellular Coverage, Water Meter Installed

View Y/N No

Roof Type Flat

Garage No

Building

Lot Description Landscaped, Level

Story 2

Foundation Slab

Water Public

Structure Type Frame,Wood Siding

Schools

Elementary Schools Lemelson Stem Academy

Middle Schools Traner

High Schools Hug

Others

Tax ID 008-013-08

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

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Listed by Dickson Realty - Downtown

NEARBY SCHOOLS & PROPERTIES

Richard Berman

Richard Berman

Agent | S.181980

+1(775) 450-1940

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650 Denslowe DR

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