420 Holcomb AVE, Reno, NV 89502
420 Holcomb AVE, Reno, NV 89502
420 Holcomb AVE, Reno, NV 89502
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Richard Berman

Richard Berman

+1(775) 450-1940
$425,000
Est. payment /mo
1,655 SqFt
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Key Details

Property Type Manufactured Home

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,655 sqft

Price per Sqft $256

Subdivision Wells Addition

MLS Listing ID 260012823

Year Built 1926

Annual Tax Amount $1,381

Lot Size 5,445 Sqft

Acres 0.13

Lot Dimensions 0.13

Property Sub-Type Triplex

Property Description

INVESTOR SPECIAL | PRIME MIDTOWN LOCATION | VALUE-ADD OPPORTUNITY Bring your vision to 420 Holcomb Avenue, a rare value-add opportunity in the heart of Reno's highly sought-after Midtown district. Located just steps from some of Reno's best restaurants, bars, shopping, coffee shops, and local businesses, this property offers the ideal combination of location and upside for an investor, contractor, or experienced buyer looking for a true fixer-upper with significant potential. Situated on approximately 0.092 acres, the property consists of three separate buildings with three total units, each configured as a 1-bedroom, 1-bathroom residence. NOTE: One of the units has suffered fire damage/casualty and is currently non habitable/non rentable in need of significant restoration. The property is currently in poor condition and requires substantial renovation, repairs, and deferred maintenance, making this an ideal project for a contractor or buyer capable of executing a comprehensive renovation strategy. The opportunity lies in the pro forma rental upside. With the right investment of capital and improvements, a buyer may be able to substantially enhance the property's condition, functionality, curb appeal, and overall rental performance while benefiting from the strong demand and established desirability of the Midtown submarket. The location is a major asset, with convenient access to Midtown's vibrant dining, entertainment, retail, and neighborhood amenities, as well as Downtown Reno and surrounding employment centers. Properties offering multiple units in this established Midtown setting are increasingly difficult to find—particularly opportunities where a buyer can create value through renovation. Additional opportunity: The neighboring property at 452 Holcomb Avenue is also owned by the same seller, creating the potential for an interested buyer to explore the acquisition of both adjacent properties and pursue a larger investment strategy. Property is being sold in its current "as-is" condition. Buyer to independently verify all property details, zoning, allowable uses, rental potential, square footage, and development/renovation opportunities. Please do not disturb current tenants. Contact listing agent for showings by appointment only.

Location

State NV

County Washoe

Community Wells Addition

Area Wells Addition

Zoning MF30

Interior

Heating Wall Furnace

Flooring Ceramic Tile

Fireplace No

Laundry Washer Hookup

Exterior

Exterior Feature None

Parking Features Alley Access, None

Utilities Available Cable Available, Electricity Connected, Internet Available, Sewer Connected, Water Connected

View Y/N No

Roof Type Composition,Shingle

Garage No

Building

Lot Description Corner Lot

Story 1

Foundation Concrete Perimeter, Stone, Other

Water Public

Structure Type Brick,Concrete,Wood Siding

Schools

Elementary Schools Booth

Middle Schools Vaughn

High Schools Wooster

Others

Tax ID 013-012-18

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Chase International-Damonte

NEARBY SCHOOLS & PROPERTIES

Richard Berman

Richard Berman

Agent S.181980

+1(775) 450-1940

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420 Holcomb AVE

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