237 University Ter, Reno, NV 89503

Earn excellent rents from this stately Rental Triplex. This triplex is rented as four bedrooms total, has beautiful city and mountain views and is walking distance to UNR and St. Mary’s Hospital. Parcel will support 12 units, not from the MF30 zoning but from the City of Reno “Zoning OVERLAY.” The basement is only a Crawlspace, is NOT water-tight and not livable, and requires major and costly renovation + increasing head height by 12+" to be used as bedrooms. Property is being sold "as is" with no repairs., Four parking spaces exist in driveway, and additional parking occurs in the unpaved right-of-way behind the house. Showings are currently limited to Monday-Thursday between 5p and 6 pm only and require 24 hours advanced approval. One seller is a licensed Nevada real estate agent. Escrow is pre-opened with a company affiliated with the listing brokerage. FOR REFERENCE: 1) There is a new PEX water-main and a new NVEnergy gas stub to the house. 2) The supply and drain plumbing are functional, mostly galvanized pipe and have for reference have been bid by a licensed plumber at $12,000 for total replacement. 3) The existing electrical panel and sub panel are functional, breakers (not fuses), and for reference a total rewire of the house has been bid by a licensed electrician at $12,000.