$185,000
Active
280 Island Avenue #701
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1
Beds
·
1.0
Baths
·
428
Sq Ft
About This Property
See for yourself this prime location of Downtown Living at the Park Towers in the heart of Reno! This unit is ready for you to just move in and is situated a stones throw from the best restaurants, shopping, casinos that the Biggest Little City has to offer! This centrally located one bedroom, one bathroom is only a block from Midtown and a must see! Enjoy panoramic views of Downtown Reno and the surrounding mountains that are sure to captivate your view!, HOA covers hot and cold water, sewer, garbage, heating and cooling and exterior maintenance. A party deck, conference room and library/TV rooms are available. Schedule a tour today!
Listed by Brenda Novak-Allen — RE/MAX Gold-Midtown
Listing Details
Status
Active
MLS #
250002472
Days on Market
432
Price/Sq Ft
$432
Property History
Mar 02, 2025
Listed for sale
$185,000
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
428
Lot Size
0.01 acres
Stories
7
Year Built
1961
Property Type
Condominium
Subdivision
Park Towers
APN
011-473-09
Parking
Parking Features
None
Exterior & Lot
Exterior Features
None
Lot Features
Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View
City, Mountain(s), Trees/Woods
Construction
Masonry Veneer
Roof
Flat
Foundation
Slab
Utilities & Systems
Heating
Electric, Forced Air
Cooling
Electric
Financial
Annual Tax
$789
HOA Fee
$385 / Monthly
HOA / Community
Western Nevada Management
Schools
Elementary School
Mt. Rose
Middle School
Swope
High School
Reno
HOA & Community
Community Amenities
Landscaping, Management, Parking, Recreation Room
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% ($37,000)
Home price
$185,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
