2908 Salem Place Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89509
Key Details
Property Type Multi-Family
Sub Type Apartment Building (up to 8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $450
Subdivision Nv
MLS Listing ID 250002025
Bedrooms 10
Year Built 1978
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Apartment Building (up to 8 Units)
Property Description
Welcome to this versatile 6-plex nestled in the highly sought-after Virginia Lake neighborhood of Reno. This value-add gem offers a unique opportunity for investors to capture both immediate cash flow and significant upside potential through strategic renovations. The building currently features six individual rental units that provide stable income. With a mix of spacious layouts and abundant natural light, each unit has the foundation for modern updates that can dramatically enhance tenant appeal and drive increased rental revenue. Ideally positioned just minutes from popular dining, shopping, and entertainment, as well as with easy access to major roadways and public transit, this property is perfectly situated in a market on the rise. Whether you're looking to improve interiors, or boost overall operational efficiency, this property offers endless potential to increase both value and returns.
Location
State NV
County Washoe
Zoning MF30
Interior
Heating Air Unit,Natural Gas,Wall Heater,Varies by Unit
Cooling Air Unit,Natural Gas,Wall Heater,Varies by Unit
Flooring Carpet,Wood
Appliance Refrigerator,Oven/Range
Laundry Common
Exterior
Exterior Feature Stucco
Fence None
Utilities Available City/County Water,City Sewer,Electricity,Natural Gas
Roof Type Flat,Tile
Total Parking Spaces 6
Building
Story 2 Story
Foundation Concrete Slab
Water Electric,Natural Gas
Level or Stories 2 Story
Structure Type Wood Frame
Schools
Elementary Schools Anderson
Middle Schools Swope
High Schools Reno
Others
Tax ID 01943114
SqFt Source 2880
Special Listing Condition None