250 College DR Drive new Save Request In-Person Tour Request Virtual Tour
Reno,NV 89503
Key Details
Property Type Manufactured Home
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,470 sqft
Price per Sqft $506
Subdivision University Terrace
MLS Listing ID 250051510
Year Built 1955
Annual Tax Amount $1,792
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 0.22
Property Sub-Type Quadruplex
Property Description
Exceptional investment opportunity located just blocks from The University of Nevada Reno, easy access to the lively downtown area and a short trip to the popular Rancho San Rafael Regional Park. This rare multifamily property sits on a prominent corner lot and includes two well-maintained duplexes (4 total units). With flexible MF-30 zoning, there is significant upside potential for future redevelopment, additional units, or long-term cash flow. Ample off-street parking for residents. Each of the units have attractive laminate flooring throughout and an abundance of natural light from the windows. The single-level layout of each unit features an open floorplan, creating a comfortable and inviting living space. Whether you're seeking a turnkey cash-flowing asset or a strategic redevelopment play, this property offers the flexibility and location that seasoned investors seek. Opportunities like this—zoned MF-30, on a corner lot, and walking distance to a major university—don't come along often.
Location
State NV
County Washoe
Community University Terrace
Area University Terrace
Zoning MF30
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Laundry In Unit,Washer Hookup,Varies By Unit
Exterior
Exterior Feature None
Parking Features Common,Parking Pad,RV Access/Parking
Pool None
Utilities Available Electricity Connected,Internet Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
Roof Type Asphalt,Pitched,Shingle
Garage No
Building
Lot Description Corner Lot,Level,Sprinklers In Front,Other
Story 1
Foundation Crawl Space
Water Public
Structure Type Shingle Siding
Schools
Elementary Schools Elmcrest
Middle Schools Clayton
High Schools Reno
Others
Tax ID 007-105-01
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional