824/828 locust Locust Street, Reno, NV

About This Property

2-unit property at the edge of mid-town. One 1-bedroom, 1-bath unit. One 3-bedroom, 1 bath unit. Those include a brand new kitchen and updated bathroom. Kitchen has newer flooring, cabinets, and counters. Newer flooring in the laundry room as well. There is a courtyard between units. Both have evaporative coolers. There is a fenced side-yard with a shed. The other side has a gate to the alley and 2 porches. Furnace was replaced in 2018. New carpet in 2018. The 3 bed has a laundry room with full-size washer & dryer. Back bedroom has a security door to the stoop off the alley. Has evaporative cooler. 828: tenant has a 1 year lease for 1,350/month. New evaporative cooler in 2021. Hardwood floors refinished, new LVP in kitchen installed and interior painted in 2018. Stacked washer/dryer in kitchen area. Refrigerator also included. Ceiling fan in the bedroom. There are also some fun built-ins in the bedroom closet and living room. The tenant has lived here for several years and would love to stay. There is a small cellar for some storage. One gated parking space off the alley. 2 designated parking spots on the street. All doors have steel security doors. These units are in high demand when they turn over, so vacancy will be at a minimum. The Veterans Guest Home is next door, and the VA Hospital is very close as well. The VA Hospital has been known to buy nearby properties for staff housing, parking lots, etc. There may be some long-term added value there.

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Property History