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About This Home
This 4-bedroom, 3-bathroom residential multi family at 1301 Faland Way in Reno, NV is listed for $650,000 ($319 per sqft). Built in 1941, the home offers 2,040 sqft of living space on a 0.10 acres lot.
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.
Key Features
- Built in 1941
- 0.10 acre lot
- 2 stories
- 10 parking spaces
Property Details
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1301 Faland Way
Reno, NV 89503
University Terrace
Property Details
Flooring
Construction
Pool Features
Heating
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 1301 Faland Way is listed at $650,000 ($319/sqft). The estimated monthly payment is $2,817 based on 20% down at 6.5% interest.
Key features include: Built in 1941, 0.10 acre lot, 2 stories, 10 parking spaces.
This property is listed by Nicholas Abe and can be reached at 7752337356 or nabe@remax.net.
