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Juanita Gaeta

LPT Realty, LLC

juanita.gaeta@gmail.com +1(775) 388-1111

$ 895,000

Est. payment | -/mo

4 Beds

3 Baths

1,471 SqFt

Save

$ 895,000

Est. payment | -/mo

Save

4 Beds

3 Baths

1,471 SqFt

OPEN HOUSE

Sat Aug 09, 11:00am - 2:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,471 sqft

Price per Sqft $608

Subdivision River Mount Park

MLS Listing ID 250053154

Bedrooms 4

Full Baths 3

Year Built 1952

Annual Tax Amount $1,640

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 0.35

Property Sub-Type Single Family Residence

Property Description

Discover the remarkable investment potential of this charming 4-bedroom, 3-bathroom property on Benjamin Franklin Drive in highly desirable Old Southwest Reno. This unique compound offers an incredible opportunity with its main house plus two additional guest residences, currently generating 6,000 monthly through short-term rental income. The 1,471 square foot main house features original hardwood floors throughout and updated kitchen flooring, creating the perfect blend of vintage character and modern functionality. The property's multi-generational living potential makes it ideal for extended families or savvy investors seeking diverse income streams. Step outside to discover professionally maintained mature landscaping adorned with fruit trees and raised garden beds, creating a private oasis in the heart of the city. Chain link fencing thoughtfully separates the three properties, while convenient rear parking accommodates multiple vehicles. Each residence includes washer and dryer hookups, ensuring maximum convenience for residents or guests. The location couldn't be more perfect for those seeking the best of Reno living. You're walking distance from trendy coffee shops, restaurants, and shopping, while remaining close to downtown Reno, the vibrant Midtown district, and the scenic Truckee River. Nearby Idlewild Park and Crissie Caughlin Park provide abundant outdoor recreation opportunities, and the greenbelt offers peaceful walking paths right at your doorstep. Recent improvements include extensive septic system repairs and pumping, newer heating, ventilation, and air conditioning systems throughout, with mini splits and baseboard heat in the guest residences. New flooring in the guest homes adds to the property's appeal, and all furnishings can be included for turnkey convenience. All three units have washer/dryer's and refrigerators which are also included. The very back unit (the bungalow) has new windows. With established schools nearby, Reno Tahoe International Airport accessibility, and the seller providing detailed financial records, this property represents a rare find in today's market. Whether you're seeking a family compound, investment property, or unique rental opportunity, this Benjamin Franklin Drive gem delivers exceptional value and endless possibilities.

Location

State NV

County Washoe

Community River Mount Park

Area River Mount Park

Zoning SF3

Direction google maps

Rooms

Family Room None

Other Rooms Bedroom Office Main Floor

Dining Room None

Kitchen Electric Cooktop

Interior

Interior Features Ceiling Fan(s), No Interior Steps

Heating Baseboard, Fireplace(s), Forced Air, Natural Gas

Cooling Central Air

Flooring Ceramic Tile

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Additional Refrigerator(s)

Laundry In Garage, Washer Hookup

Exterior

Exterior Feature None

Parking Features Additional Parking, Garage, Garage Door Opener

Garage Spaces 1.0

Pool None

Utilities Available Cable Available, Electricity Connected, Internet Available, Natural Gas Connected, Phone Available, Water Connected, Cellular Coverage, Water Meter Installed

View Y/N Yes

View Mountain(s), Park/Greenbelt, Trees/Woods

Roof Type Asphalt

Porch Patio

Total Parking Spaces 1

Garage No

Building

Lot Description Landscaped, Level, Sprinklers In Front, Sprinklers In Rear

Story 1

Foundation Crawl Space

Water Public

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Gomm

Middle Schools Swope

High Schools Reno

Others

Tax ID 018-013-07

Acceptable Financing 1031 Exchange, Cash, Conventional, Owner May Carry, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, Owner May Carry, VA Loan

Special Listing Condition Standard

Listed by RE/MAX Gold

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(775) 388-1111

juanita.gaeta@gmail.com

Learn More About LPT Realty

1755 Benjamin Franklin DR Drive Reno, NV 89509