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Richard Berman

rberman@dicksonrealty.com +1(775) 450-1940

$475,000

Est. payment - /mo

6 Beds

2 Baths

2,146 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,146 sqft

Price per Sqft $221

Subdivision University Heights

MLS Listing ID 260010158

Bedrooms 6

Full Baths 2

Year Built 1955

Annual Tax Amount $1,025

Lot Size 6,359 Sqft

Acres 0.15

Lot Dimensions 0.15

Property Sub-Type Single Family Residence

Property 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.

Location

State NV

County Washoe

Community University Heights

Area University Heights

Zoning MF30

Rooms

Family Room None

Other Rooms Finished Basement

Basement Basement - Finished

Dining Room Kitchen Combination

Kitchen Disposal

Interior

Heating Fireplace(s), Natural Gas

Cooling Central Air

Flooring Laminate

Fireplaces Number 1

Fireplace Yes

Laundry None

Exterior

Exterior Feature Rain Gutters

Parking Features Permit Required

Utilities Available Cable Available, Electricity Available, Internet Available, Sewer Available, Water Available, Cellular Coverage

View Y/N No

Roof Type Composition,Shingle

Garage No

Building

Lot Description Level, Sloped Down

Story 2

Foundation None

Water Public

New Construction No

Schools

Elementary Schools Lemelson Stem Academy

Middle Schools Traner

High Schools Hug

Others

Tax ID 007-072-05

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

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Listed by Real Broker LLC

NEARBY SCHOOLS & PROPERTIES

Richard Berman

Agent | S.181980

+1(775) 450-1940

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1130 Evans AVE Reno, NV 89512

Richard Berman

Key Details

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Rooms

Interior

Exterior

Building

Schools

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NEARBY SCHOOLS & PROPERTIES

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1130 Evans AVE