1449 Hillside Drive is an exceptional duplex located within the University submarket in Reno, NV. This location provides direct access to the University of Nevada, Reno and all the local campus attractions offering great walkability and strong tenant demand. The units are a large 1,677 sqft 3 bed 2 bath unit and a 1,118 sqft 2 bed 1 bath unit. Both have been meticulously renovated and rents are at market.
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.
Multi-Family Infill Lot at UNR Campus area! (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. Owner financing available w/ interest-only payments at slightly below market rates for a term of approximately 3 years.