1317 Faland Way, Reno, NV 89503

Charming, prime property within walking distance to UNR, parks, food and more. It's the perfect space to call home while enjoying the nostalgic charm. The main upstairs level welcomes you with a spacious living room, cozy kitchen with a breakfast nook, one bedroom, and full bathroom. Head downstairs, (also available through a completely separate entrance) and you'll discover an additional bathroom, two “flex” rooms and a kitchenette., With the recent upgrades including all new flooring, new kitchenette downstairs, and refreshed landscaping. The backyard is actually one of the best amenities of these home, with a large storage shed, mature trees and lots of lush grass. This home boasts a unique layout designed to accommodate various living arrangements. You could consider it as a single family home, multi-generational living or optimizing it as two distinct rental units. Having its own entrance, this lower level provides privacy and independence for occupants while offering lucrative rental opportunities. Thanks to its proximity to UNR, those seeking a smart investment will be sure to consider this property as it shines as an ideal candidate for college or graduate student rentals, as the mortgage could be offset by using a portion of the home as a rental, and tax friendly Nevada has an annual property tax rate for this at only $847.45 a YEAR! The large lot size, well situated current structure, and favorable zoning of MF14 offer long term opportunities as well.This home represents a compelling opportunity to generate passive income while enjoying the comforts of home. Oil tank pressure test passed and report available. Property is back on market at no fault of the seller.