138 Keystone AveReno, NV 89503

This exceptional investment opportunity presents a four-unit multifamily property located in Reno, Nevada. The portfolio comprises two separate parcels, each with two single-family homes, situated at 138 and 144 Keystone Ave, Reno, NV 89503. The properties boast a combined total of 3,474 square feet and are situated on approximately 0.29 acres of land. The buildings, constructed in 1924 and 1930, are single-story structures. The unit mix includes a combination of one-bedroom, one-bathroom and two-bedroom, one-bathroom units. One property (APN 011-012-15) features a main house of approximately 1,050 square feet with an additional 980 square feet of unfinished basement space, and a second unit of 656 square feet with an 816 square foot unfinished basement. The second property (APN 011-012-16) includes a main house of approximately 1,168 square feet with 504 square feet of finished and 560 square feet of unfinished basement space, and a second unit of 600 square feet with a 600 square foot finished basement. Both properties are zoned MD-PD (Mixed-Use Downtown Powning District). The asking price for this portfolio is $1,150,000, representing a price per unit of $287,500 and a price per square foot of $331.03. This presents a strong value proposition in the desirable Reno real estate market. The properties offer significant potential for rental income and future appreciation.