New Listing
Description
INVESTOR SPECIAL | PRIME MIDTOWN LOCATION | VALUE-ADD OPPORTUNITY Bring your vision to 420 Holcomb Avenue, a rare value-add opportunity in the heart of Reno's highly sought-after Midtown district. Located just steps from some of Reno's best restaurants, bars, shopping, coffee shops, and local businesses, this property offers the ideal combination of location and upside for an investor, contractor, or experienced buyer looking for a true fixer-upper with significant potential. Situated on approximately 0.092 acres, the property consists of three separate buildings with three total units, each configured as a 1-bedroom, 1-bathroom residence. NOTE: One of the units has suffered fire damage/casualty and is currently non habitable/non rentable in need of significant restoration. The property is currently in poor condition and requires substantial renovation, repairs, and deferred maintenance, making this an ideal project for a contractor or buyer capable of executing a comprehensive renovation strategy. The opportunity lies in the pro forma rental upside. With the right investment of capital and improvements, a buyer may be able to substantially enhance the property's condition, functionality, curb appeal, and overall rental performance while benefiting from the strong demand and established desirability of the Midtown submarket. The location is a major asset, with convenient access to Midtown's vibrant dining, entertainment, retail, and neighborhood amenities, as well as Downtown Reno and surrounding employment centers. Properties offering multiple units in this established Midtown setting are increasingly difficult to find-particularly opportunities where a buyer can create value through renovation. Additional opportunity: The neighboring property at 452 Holcomb Avenue is also owned by the same seller, creating the potential for an interested buyer to explore the acquisition of both adjacent properties and pursue a larger investment strategy. Property is being sold in its current "as-is" condition. Buyer to independently verify all property details, zoning, allowable uses, rental potential, square footage, and development/renovation opportunities. Please do not disturb current tenants. Contact listing agent for showings by appointment only.
Details
| MLS # | 260012823 |
|---|---|
| Listing Type | For Sale |
| Style | Triplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 2 |
| Listing Provided By | Chase International-Damonte | Corry Castaneda |
Features
| SQ Feet | 1,655 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Zoning | MF30 |
| Acreage | 0.13 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Window Features | Wood Frames |
| Appliances | Electric Oven, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Exterior Features | None |
| Lot Features | Corner Lot |
| Construction Materials | Brick, Concrete, Wood Siding |
| Foundation Details | Concrete Perimeter, Stone, Other |
| Fencing | Full |
Parking
| Parking Features | Alley Access, None |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Connected, Internet Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 1381 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89502 |
| Area | Washoe |
| Community Name | Wells Addition |
| School District | Wooster |
| Elementary School | Booth |
| High School | Wooster |
| Listing VS Median (in Wells Addition) | |
Price: $425,000 low | high Med: $527,000 sqft: 1,655 low | high Med: 1,243 $ / sqft: $257 low | high Med: $452 On site: 2 low | high Med: 11.5 | |
Market Activity 89502
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89502 |
| Area | Washoe |
| Community Name | Wells Addition |
| School District | Wooster |
| Elementary School | Booth |
| High School | Wooster |
| Listing VS Median (in Wells Addition) | |
Price: $425,000 low | high Med: $527,000 sqft: 1,655 low | high Med: 1,243 $ / sqft: $257 low | high Med: $452 On site: 2 low | high Med: 11.5 | |
 | $499,000452 Holcomb AvenueReno, NV 89502 |