1002 S Arlington Avenue,Reno, NV 89509
Reno, NV 89509
Description
Fantastic investment opportunity in Reno's desirable Old Southwest neighborhood at the intersection of Arlington Avenue and La Rue Avenue. This unique property consists of three separate buildings across two parcels and offers a variety of potential investment and operational opportunities. The sale includes both parcels, 01131313 and 01131314, associated with 1002 S. Arlington Avenue and 562 La Rue Avenue. Please see associated documents and property flyer for additional property information and details. Listing agent must be present for all showings. 1002 S. Arlington Avenue: The first building was originally constructed as a single-family home and has historically been converted and operated as a boarding house. The Historical Board has approved the use as a boarding house, allowing rooms to be leased to individual residents. More recently, the property has been approved and is currently being operated as supportive housing. This parcel contains two buildings and is zoned MF-14, providing flexibility for continued residential use and potential future opportunities, subject to applicable zoning and permitting requirements. Four-Unit Apartment Building: The second building is a four-unit apartment building consisting of two three-bedroom units and two two-bedroom units. Each unit includes one full bathroom, a full kitchen, its own water heater, and its own furnace. This building shares the parcel with 1002 S. Arlington Avenue and is zoned MF-14. The individual utility systems and unit layouts provide a practical residential configuration and an established income-producing component to the overall property. 562 La Rue Avenue: The third building is a single-story home that was converted into a boarding house and has historically operated as such. Although the property remains zoned single-family, the grandfathered boarding-house use has been allowed to continue under the current supportive-housing operation. The office for the existing operation is located within this building, along with food storage supporting the current use. With three buildings, multiple residential units, established boarding-house and supportive-housing uses, and a prime Old Southwest location, this property offers a rare combination of existing income potential and future possibilities. The opportunities for this property are extensive. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, historical approvals, occupancy, and future development potential.
Details
| MLS # | 260010820 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Building Name | 801 Apartments |
| Sub-Type | Resale |
| Status | Active |
| Year | 1937 |
| Days On Site | 16 |
| Listing Provided By | Engel & Volkers Lake Tahoe | Jean Merkelbach |
Features
| SQ Feet | 6,500 |
|---|---|
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 3 |
| Zoning | MF14 |
| Acreage | 0.29 |
Interior
| Heating | Electric, Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Electric |
| Cooling Yes / No | Yes |
| Window Features | Double Pane Windows |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Pitched, Shingle |
|---|---|
| Lot Features | Landscaped, Other |
| Construction Materials | Frame, Wood Siding |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Crawl Space |
| Fencing | Back Yard, Front Yard |
Parking
| Parking Features | Accessible Parking, On Site, Paved |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Property | 4096 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89509 |
| Area | Washoe |
| Community Name | Park Lawn |
| Listing VS Median (in Park Lawn) | |
Price: $2,323,000 low | high Med: $2,323,000 sqft: 6,500 low | high Med: 6,500 $ / sqft: $357 low | high Med: $357 On site: 16 low | high Med: 16 | |
Market Activity 89509
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89509 |
| Area | Washoe |
| Community Name | Park Lawn |
| Listing VS Median (in Park Lawn) | |
Price: $2,323,000 low | high Med: $2,323,000 sqft: 6,500 low | high Med: 6,500 $ / sqft: $357 low | high Med: $357 On site: 16 low | high Med: 16 | |
 | $3,850,000745 California AvenueReno, NV 89509 |