$120,000
Active
4606 Neil Road #205
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1
Beds
·
1.0
Baths
·
644
Sq Ft
About This Property
This is a rare opportunity to purchase a condo with access to a pool and tennis courts at a below market price. Ideal for contractors, investors, or flippers, this one bedroom, one bath unit is priced to reflect the repairs and updates needed before welcoming new occupants. All offers will be reviewed on Tuesday, 5/26/26, following the holiday weekend. Please contact the listing agent before submitting an offer.
Listed by Barbara Robinson-Ramirez — Ballard Realty, Inc.
Listing Details
Status
Active
MLS #
260006413
Price/Sq Ft
$186
Property History
May 21, 2026
Listed for sale
$120,000
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
644
Stories
1
Year Built
1978
Property Type
Condominium
Subdivision
Peckham Gardens
APN
025-543-54
Parking
Total Parking
1
Parking Features
Carport, None
Exterior & Lot
Exterior Features
None
Lot Features
Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Construction
Concrete, Frame, Masonite
Roof
Composition, Pitched
Foundation
Crawl Space
Pool & Spa
Pool
In Ground
Utilities & Systems
Heating
Forced Air, Natural Gas
Cooling
Central Air, Wall/Window Unit(s)
Financial
Annual Tax
$340
HOA Fee
$225 / Monthly
HOA / Community
Western Nevada Management
Schools
Elementary School
Smithridge
Middle School
Pine
High School
Reno
HOA & Community
Community Amenities
Landscaping, Management, Parking, Pool, Spa/Hot Tub, Tennis Court(s)
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.
Payment calculator
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($24,000)
Home price
$120,000
Loan details
30-yr fixed, 6.5%
