1351 Terrace, Reno

$1,650,000

0 Beds
0 Baths
2,883 Sqft
.1 Acres
0 Garages

Rare opportunity to own a newly renovated 10 bedroom student housing property in a premium location. This exceptional living space is less than a 2 minute walk to campus which brings in top-of-the-market rental income. Current cash flow produces a 5.56% cap rate. Contact the Listing Agent for access to the full Property Flyer. In addition, a separate lot on the West side of the property can be purchased as well for a separate development. Contact the Listing Agent for details.

Essential Information
MLS® #200010760
Price$1,650,000
Square Footage2,883
Acres0.10
Year Built1933
TypeMulti-family
Sub-TypeDuplex, Triplex, 4-plex
StatusActive
Community Information
Address1351 Terrace
AreaReno-Old Northwest
CityReno
CountyWashoe
StateNV
Zip Code89503
Amenities
Parking Spaces8
ParkingTandem
Amenities

Security Lighting, Fire Alarm, TV Antenna

Utilities

Cable, City/County Water, City Sewer, Electricity, Natural Gas, Internet Available, Cellular Coverage Avail, Centralized Data Panel

Features

Blinds/Shades, Furnished, Patio/Deck, Security System, Smoke Detector, Fire Sprinklers, Keyless Entry

Interior
FireplaceYes
Stories3 Story
Appliances

Disposal, Dryer, Dishwasher, Microwave, Oven/Range, Refrigerator, Varies Per Unit, Washer, SMART Appliance 1 or More

Exterior
RoofComposition/Shingle, Pitched
ConstructionMasonry
FoundationConcrete Slab
Exterior

Stucco, Wood Siding, Masonry Veneer

Windows

Double Pane, Low E, Vinyl Frame

Additional Information
Date ListedAugust 7th, 2020
ZoningMU-UNRC
Listing Details
OfficeDickson Commercial Group
LISTING MAP

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Listing information last updated on November 26th, 2020 at 6:41pm PST.