280 Island Avenue Apt 1002,Reno, NV 89501
Reno, NV 89501
Description
Park Tower is a downtown Reno high rise that permits short term rentals. This 10th floor unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. This is a short sale and subject to lien holder approval. The building sits on Island Avenue directly above the Truckee River and Wingfield Park. The unit faces west with direct views of the river, the park, and the Sierra Nevada. The Riverwalk District is right outside with immediate access to dining, coffee, and nightlife. Mount Rose and Lake Tahoe are a short drive for skiing and year round outdoor access. The building features a shared rooftop deck. Buyers should conduct their own due diligence regarding income potential. Whether you are adding to a portfolio or executing a 1031 exchange, this is a rare opportunity to acquire a short term rental asset in downtown Reno.
Details
| MLS # | 260003287 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $675 |
| Sub-Type | Resale |
| Status | Active Under Contract-show |
| Year | 1961 |
| Days On Site | 157 |
| Listing Provided By | RE/MAX Gold-Midtown | James Von Dorsten |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 751 |
| Story(s) | 17 |
| Zoning | MD-RD |
| Acreage | 0.02 |
| Property View | Yes |
Interior
| Heating | Electric, Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air, Electric |
| Cooling Yes / No | Yes |
| Window Features | Blinds, Double Pane Windows, Metal Frames |
| Interior Features | Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s) |
| Appliances | Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
Exterior
| Roof | Flat |
|---|---|
| Exterior Features | None |
| Security Features | Fire Sprinkler System, Keyless Entry, Security Fence, Smoke Detector(s) |
| Lot Features | Corner Lot, Level |
| Construction Materials | Brick, Masonite |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Slab |
| Fencing | None |
Parking
| Parking Features | Permit Required, Detached, Garage, Under Building |
|---|---|
| Garage Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available, Cellular Coverage |
|---|---|
| Sewer | Public Sewer |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 1071 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89501 |
| Area | Washoe |
| Community Name | Park Towers |
| School District | Reno |
| Elementary School | Mt. Rose |
| High School | Reno |
| Listing VS Median (in Park Towers) | |
Price: $205,000 low | high Med: $200,000 sqft: 751 low | high Med: 596 $ / sqft: $273 low | high Med: $358 On site: 157 low | high Med: 170.5 | |
Market Activity 89501
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89501 |
| Area | Washoe |
| Community Name | Park Towers |
| School District | Reno |
| Elementary School | Mt. Rose |
| High School | Reno |
| Listing VS Median (in Park Towers) | |
Price: $205,000 low | high Med: $200,000 sqft: 751 low | high Med: 596 $ / sqft: $273 low | high Med: $358 On site: 157 low | high Med: 170.5 | |
