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Larry Peyton

larry@peytonre.com +1(775) 219-7503

$ 219,900

Est. payment | -/mo

1 Bed

2 Baths

751 SqFt

Save

$ 219,900

Est. payment | -/mo

Save

1 Bed

2 Baths

751 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 751 sqft

Price per Sqft $292

Subdivision Park Towers

MLS Listing ID 260003287

Bedrooms 1

Full Baths 2

HOA Fees $675/mo

Year Built 1961

Annual Tax Amount $1,071

Lot Size 751 Sqft

Acres 0.02

Lot Dimensions 0.02

Property Sub-Type Condominium

Property Description

Park Tower is the only downtown Reno high rise that permits short term rentals. This 10th floor unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. This is a short sale. Cash and 1031 exchange offers only. The building sits on Island Avenue directly above the Truckee River and Wingfield Park. The unit faces west with direct views of the river, the park, and the Sierra Nevada. The Riverwalk District is right outside with immediate access to dining, coffee, and nightlife. Mount Rose and Lake Tahoe are a short drive for skiing and year round outdoor access. The building features a shared rooftop deck. Buyers should conduct their own due diligence regarding income potential. Whether you are adding to a portfolio or executing a 1031 exchange, this is a rare opportunity to acquire a short term rental asset in downtown Reno.

Location

State NV

County Washoe

Community Park Towers

Area Park Towers

Zoning MD-RD

Direction Arlington, right on Island Ave.

Rooms

Family Room None

Other Rooms None

Master Bedroom Walk-In Closet(s) 2

Dining Room Living Room Combination

Kitchen Breakfast Bar

Interior

Interior Features Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s)

Heating Electric, Forced Air

Cooling Central Air, Electric

Flooring Ceramic Tile

Fireplace No

Laundry Common Area, Laundry Room, Sink

Exterior

Exterior Feature None

Parking Features Permit Required, Detached, Garage, Under Building

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

Amenities Available Gated, Management

View Y/N Yes

View City, Mountain(s), Park/Greenbelt, Trees/Woods

Roof Type Flat

Porch None

Garage No

Building

Lot Description Corner Lot, Level

Story 17

Foundation Slab

Water Public

Structure Type Brick,Masonite

New Construction No

Schools

Elementary Schools Mt. Rose

Middle Schools Swope

High Schools Reno

Others

Tax ID 011-474-10

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Special Listing Condition Short Sale

Listed by RE/MAX Gold-Midtown

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(775) 219-7503

larry@peytonre.com

280 Island #APT 1002 Reno, NV 89501