519 Elko Ave Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89512
Key Details
Property Type Multi-Family
Sub Type Apartment Building (up to 8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 2,856 sqft
Price per Sqft $318
Subdivision Nv
MLS Listing ID 240013797
Bedrooms 3
Year Built 1915
Lot Size 7,492 Sqft
Acres 0.172
Property Description
Discover an exceptional investment opportunity in Reno's growing downtown district with high rent potential at 519 Elko Ave. This fully renovated, 5-unit apartment property combines modern amenities with a prime urban location, making it a standout choice for both investors and tenants. The property consists of two duplexes with spacious 2-bedroom, 1-bathroom units, plus a standalone 1-bedroom, 1-bathroom unit, each thoughtfully updated in 2021. Residents will appreciate the fully landscaped grounds that offer a serene, low-maintenance outdoor setting. The property's convenient location offers easy access to I-80, while the central downtown area offers vibrant dining, shopping, and entertainment options just minutes away. Situated just a 12-minute walk from the University of Nevada, Reno, this property is ideally positioned near the university's expansion toward downtown, making it particularly attractive to students, faculty, and staff. With a short commute to campus and Reno's bustling downtown amenities, tenants enjoy both proximity to educational institutions and access to the city's cultural heart. 519 Elko Ave offers a rare combination of a fully modernized interior, appealing outdoor spaces, and a location that aligns with Reno's dynamic growth, presenting a unique investment prospect for those looking to capitalize on Reno's urban development. Current rents are approximately $100 to $200 under market rates. Expenses in Financial Summary are estimated. Drive by only. Please do not disturb tenants. Contact agent for full Offering Memorandum.
Location
State NV
County Washoe
Zoning MD-ID
Interior
Heating Air Unit,Natural Gas,Heat Pump,Varies by Unit
Cooling Air Unit,Natural Gas,Heat Pump,Varies by Unit
Flooring Laminate,Varies by Unit
Appliance Refrigerator,Oven/Range,Dishwasher,Microwave,Varies Per Unit
Laundry Common,Varies Per Unit
Exterior
Exterior Feature Masonry Veneer,Vinyl Siding
Fence Full
Utilities Available City/County Water,City Sewer,Electricity,Natural Gas,Internet Available,Cellular Coverage Avail
Roof Type Pitched
Total Parking Spaces 7
Building
Story 2 Story
Foundation Basement/Unfinished,Concrete/Crawl Space
Water Electric
Level or Stories 2 Story
Structure Type Wood Frame
Schools
Elementary Schools Booth
Middle Schools Vaughn
High Schools Wooster
Others
Tax ID 00853105
SqFt Source 2856
Special Listing Condition None