$157,000
Active
2450 Lymbery Street #APT 323
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1.0
Baths
·
422
Sq Ft
About This Property
Recently upgraded with nice tasteful laminate plank flooring, shows well. Studio condo is perfect for your income tax free NV residence . This lovely upper unit has High Ceilings and loads of sunshine. Very Central location close to the Peppermill. Easy walk to Virginia lake , shopping, stores, casino and bus line. Great investment opportunity as it's one of the most affordable units in Reno and current tenant would love to continue renting so also perfect for a 1031 Exchange. Complex has a pool and lawn for outdoor enjoyment, plus ample parking in back. Elevator so essentially no steps to climb. Hurry.
Listed by John Cook — Coldwell Banker Select Incline
Listing Details
Status
Active
MLS #
260002178
Days on Market
70
Price/Sq Ft
$372
Property History
Feb 28, 2026
Listed for sale
$157,000
Property Overview
Baths
1.0
Sq. Ft.
422
Stories
1
Year Built
1978
Property Type
Condominium
Subdivision
Reno 2 Condominiums
APN
019-473-24
Parking
Total Parking
1
Parking Features
Permit Required, Detached
Exterior & Lot
Exterior Features
None
Lot Features
Level
View
City
Construction
Block, Stucco, Unknown
Roof
Composition, Pitched, Tile
Foundation
None
Pool & Spa
Pool
Fenced, Outdoor Pool, See Remarks
Utilities & Systems
Heating
Electric
Financial
Annual Tax
$473
HOA Fee
$180 / Monthly
HOA / Community
Lake Grove Condomiums
Schools
Elementary School
Beck
Middle School
Swope
High School
Reno
HOA & Community
Community Amenities
Elevator(s), Landscaping, Parking, Pool
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% ($31,400)
Home price
$157,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
