Discover an exceptional property just minutes from the University. This unique lot includes both a single-story brick bungalow and a four-plex with 4 studio units, offering immediate income potential for investors or an ideal setup for owner-occupied rental opportunities. With easy access to The University of Nevada Reno, local shops, public transit and free way access, this property is positioned for long-term growth.
University Adjacent parcel with driveway and utilities already installed. Excellent views to campus and beyond are provided by the location and positioning of this centrally located lot which is easily in walking distance of UNR and public transportation. Already located on site all utilities are carefully positioned and stubbed out: Natural Gas, City Water, City Sewer, Power and even an existing Fire Sprinkler stub! Zoning is particularly robust, multi-story development of considerable height is allowed.
Prime Multi-Family Infill Lot Near UNR! (MF) zoning districts are eligible for a density BONUS! Therefore this . 18-acre flat lot comes with preliminary architectural site plan for 28-unit midrise apartment complex. UNR area has an overlay on this LOT only requiring a 50% parking ratio which shows in the plans. Water & sewer for 13 units already approved, adding significant value. Owner financing available w/ interest-only payments at slightly below market rates for a term of approximately three years.