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1050 W 2nd Street

Reno, NV 89503
  • $1,225,000
  • STATUS: Closed
  • ON SITE: 284 Days
  • MLS #: 240011335
Sold - 03/26/2025
$1,225,000
SOLD - 03/26/2025
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,998
    SQFT
  • $245
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1932
County:
Area:

School Ratings & Info

Description

Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential., Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don't miss out on this opportunity to invest in a promising property with strong rental potential!

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Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-16T00:19:43.34.
www.vaulethomes.com/homes/154668457
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1050 W 2nd Street Reno, NV 89503

  • Price: $1,250,000
  • Status: Closed
  • On Site: 284 Days
  • Updated: 159 min ago
  • MLS #: 240011335
0
Beds
0
Baths
0
½ Baths
0.07
Acres
4,998
SQFT
$245
$/SQFT
1932
Built
Neighborhood:
89503
County:
Washoe
Area:
89503
Property Description
Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential., Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don't miss out on this opportunity to invest in a promising property with strong rental potential!
Exterior Features

Construction Materials BrickStone Foundation Details Slab Parking Features [] Roof CompositionPitchedShingle Window Features BlindsDouble Pane WindowsSingle Pane Windows

Interior Features

Accessibility Features [] Basement [] Building Area Total 4998 Common Walls [] Cooling [] Fireplace Features [] Flooring VariesWood Heating Forced AirNatural Gas Heating YN Yes Laundry Features Common Area Levels []

Property Features

Association Fee Includes [] Building Features [] Business Type [] Buyer Financing [] Covenants Conditions Restrictions YN No Electric [] Fencing Back Yard Green Energy Generation [] Green Water Conservation [] Listing Terms 1031 ExchangeCashConventional Lot Features Landscaped Other Equipment [] Other Structures [] Owner Pays [] Parking Total 0 Property Sub Type Multi Family Road Frontage Type Public Road Responsibility Public Maintained Road Road Surface Type [] Security Features Smoke Detector(s) Sewer Public Sewer Special Listing Conditions [] Tax Annual Amount 2161.49 Utilities Electricity AvailableNatural Gas AvailableSewer AvailableWater Available Water Source Public Waterfront Features [] Zoning GC

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Marmot Properties, LLC: 775-391-9076.

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-16T00:19:43.34.
 
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Vaulet Group Real Estate at RE/MAX
5905 S. Virginia St. Suite 300
Reno NV, 89502