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Sandy Ravens

Soli Ravens Team

sandy.ravens@engelvoelkers.com +1(775) 848-4618

$ 1,298,000

Est. payment -/mo

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Active

2908 Salem PL Place Reno, NV 89509

0.34 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250002025

Year Built 1978

Annual Tax Amount $3,563

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 0.34

Property Sub-Type Multi Family

Property Description

Welcome to this versatile 6-plex nestled in the highly sought-after Virginia Lake neighborhood of Reno. This value-add gem offers a unique opportunity for investors to capture both immediate cash flow and significant upside potential through strategic renovations., The building currently features six individual rental units that provide stable income. With a mix of spacious layouts and abundant natural light, each unit has the foundation for modern updates that can dramatically enhance tenant appeal and drive increased rental revenue. Ideally positioned just minutes from popular dining, shopping, and entertainment, as well as with easy access to major roadways and public transit, this property is perfectly situated in a market on the rise. Whether you're looking to improve interiors, or boost overall operational efficiency, this property offers endless potential to increase both value and returns.

Location

State NV

County Washoe

Zoning MF30

Direction Plumas/Salem

Interior

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Laundry Common Area

Exterior

Parking Features Alley Access

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

Roof Type Flat,Tile

Garage No

Building

Lot Description Landscaped

Story 2

Foundation Slab

Water Public

Structure Type Frame,Stucco

Others

Tax ID 01943114

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Listed by Sierra Nevada Properties-Reno

Sandy Ravens

Private Office Advisor / License Partner / Broker | License ID: CA 02120074 | NV BS.145530

+1(775) 848-4618

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