1301 Faland WAY #1, 2, 3, Reno, NV 89503
1301 Faland WAY #1, 2, 3, Reno, NV 89503
1301 Faland WAY #1, 2, 3, Reno, NV 89503
1301 Faland WAY #1, 2, 3, Reno, NV 89503
1301 Faland WAY #1, 2, 3, Reno, NV 89503
1301 Faland WAY #1, 2, 3, Reno, NV 89503
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Larry Peyton

Larry Peyton

+1(775) 219-7503
$ 650,000
Est. payment | /mo

4 Beds

3 Baths

2,040 SqFt

Save
$ 650,000
Est. payment | /mo
Save

4 Beds

3 Baths

2,040 SqFt

Key Details

Property Type Manufactured Home

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,040 sqft

Price per Sqft $318

Subdivision University Terrace

MLS Listing ID 260007966

Bedrooms 4

Year Built 1941

Annual Tax Amount $1,188

Lot Size 4,122 Sqft

Acres 0.1

Lot Dimensions 0.1

Property Sub-Type Triplex

Property Description

LOCATION LOCATION LOCATION! This 3-unit multifamily property is gleaming with potential. Ideally located within walking distance of the University of Nevada, Reno and Downtown Reno, making it highly attractive to students, professionals, and renters alike. Each unit features its own private entrance, providing added privacy and appeal. The charming detached 1-bedroom, 1-bath "cottage" offers a generous side yard complete with raised garden beds and lots of space to play. The upstairs unit is a move-in-ready 2-bedroom, 1-bath with plenty of natural light and comfortable living space. The downstairs unit is a spacious 1-bedroom, 1-bath featuring an oversized bedroom and is currently vacant while undergoing cosmetic improvements. With a little vision and finishing touches, this property has the potential to achieve an estimated 7% CAP rate - an increasingly rare opportunity in today's market. Whether you're looking to expand your portfolio, house-hack, or invest in a high-demand rental area, this property checks all the boxes. Don't miss your chance, this one won't last long! Agents, please read private remarks.

Location

State NV

County Washoe

Community University Terrace

Area University Terrace

Zoning MF14

Direction GPS

Interior

Heating Forced Air, Oil

Flooring Tile

Fireplace No

Laundry Common Area, Varies By Unit

Exterior

Exterior Feature None

Parking Features Common, Parking Pad, Varies by Unit

Pool None

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

View Y/N No

Roof Type Pitched,Shingle

Porch Patio

Garage No

Building

Lot Description Corner Lot, Landscaped

Story 2

Foundation Slab

Water Public

Structure Type Wood Siding,Other

Schools

Elementary Schools Elmcrest

Middle Schools Clayton

High Schools Reno

Others

Tax ID 007-101-12

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by RE/MAX Professionals-Reno

Nearby Locations

Larry Peyton

"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

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1301 Faland WAY #1, 2, 3