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250 College Drive, Reno, NV 89503

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For Sale

$1,250,000

4 baths • 2,470 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $506.07
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 250051510

Courtesy Of RE/MAX Professionals

(775) 345-3070

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Double Pane Windows, Ceiling Fan
  • Appliances
    Dishwasher, Dryer, Refrigerator, Washer
  • Floor Covering
    Laminate
  • Lot Size
    0.22 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 250 College Drive, Reno, NV 89503

Home seller CENTURY 21 Americana

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Americana

(702) 296-9999
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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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