Investment Opportunity Alert! Welcome to this fantastic triplex strategically positioned near the University of Nevada, offering a lucrative blend of convenience and income potential. In process of getting a new roof installed. Perfectly located for student housing or rental income, this property promises a smart investment for the savvy investor. Property has off-street parking for added convenience. The upstairs units benefit from a shared laundry setup in the garage, while the downstairs unit enjoys, its own laundry facility in the utility room.This thoughtful arrangement maximizes tenant convenience and minimizes maintenance hassle. Utility management is a breeze with two electric meters and a shared gas meter, all units are serviced by a multi-zone boiler that handles heat and hot water for all three units. Current rental agreements are month to month and include electric and gas expenses, ensuring a hassle-free experience for both tenants and landlord. Beyond the practical amenities, this property features a charming, shared courtyard and a backyard, offering outdoor space for relaxation and recreation. Residents will appreciate the walking distance to the University of Nevada, Reno (UNR), and the nearby Rancho San Rafael Park, making it an attractive location for students and renters alike. Plus, its proximity to downtown adds to its appeal, providing easy access to shopping, dining, and entertainment options. Whether you're an experienced investor looking to expand your portfolio or a newcomer to real estate investment seeking a promising opportunity, this triplex is a must-see. Don't miss out on the chance to capitalize on this prime location and excellent income potential. Showings will be approved based on an accepted offer. Property is tenant occupied. Please do not disturb the tenants. Interior photos are prior to tenants occupying.
Closed
$740,000
1320 Buena Vista Ave, Reno, NV 89503
--beds
0baths
2,849sqft
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$260/sqft
$2,361 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 13, 2025 at 02:12pm
Listed by:
Michael Wood S.65411 775-250-2007,
RE/MAX Professionals-Reno
Bought with:
Ken Zimmerman, S.37701
Ferrari-Lund Real Estate Reno
Source: NNRMLS,MLS#: 240004020
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Hot Water, Natural Gas
Appliances
- Included: Oven, Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
- Laundry: In Garage, Varies By Unit
Features
- Flooring: Carpet, Laminate, Varies, Wood
- Windows: Blinds, Double Pane Windows, Vinyl Frames
- Has basement: No
Interior area
- Total structure area: 2,849
- Total interior livable area: 2,849 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Common, Garage
- Has attached garage: Yes
Features
- Stories: 1
- Fencing: Back Yard
Lot
- Size: 6,098 sqft
- Features: Landscaped
Details
- Parcel number: 00710411
- Zoning: MF14
- Other equipment: Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding, Masonry Veneer
- Foundation: Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage
Community & neighborhood
Location
- Region: Reno
- Subdivision: University Terrace
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional