$160,000 Active Under Contract
1485 Selmi Drive
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
550 Sq Ft
Virtual Tour

About This Property

Exceptional value meets modern comfort! This updated condo not only sits in a prime location near UNR and the freeway, but it also features a brand-new furnace and A/C for year-round comfort and efficiency. Step inside to find an inviting open layout with laminate plank and a stunning kitchen complete with granite counters, updated cabinets, and stainless steel appliances. The oversized bedroom leads to a spacious dual-access walk-in closet, while the separate utility room provides the ultimate convenience of in-unit laundry. Refresh in the upgraded bathroom with its modern vessel sink. Brand new HVAC system! Relax by the community pool or enjoy the luxury of TWO reserved parking spaces—one of which is covered. This is truly a "lock-and-leave" lifestyle. Schedule your showing today!

Listed by Sandra Gabrielli — RE/MAX Professionals-Sparks

Listing Details

Status Active Under Contract
MLS # 260003832
Days on Market 35
Price/Sq Ft $291

Property History

Apr 02, 2026
Listed for sale
$160,000
Current
Pending
$160,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 550
Stories 1
Year Built 1986
Property Type Condominium
Subdivision Mccarran Knolls Condominiums
APN 004-052-12
Parking
Total Parking 2
Parking Features Additional Parking, Carport
Exterior & Lot
Exterior Features None
Lot Features Level
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $320
HOA Fee $320 / Monthly
HOA / Community McCarran Knolls c/o
Schools
Elementary School Allen
Middle School Desert Skies
High School Hug
HOA & Community
Community Amenities Landscaping, Parking, Pool
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

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% ($32,000)
Home price
$160,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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