630 W 9th St Reno, NV 89503

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The Carolo Row consists of three new build single family residential units on one large lot. The Carolo family has owned this plot of land for over 100 years and their dream of developing it to provide housing to the University neighborhood has become a reality. The homes each offer + 1, 140 sq ft, 2 bedroom 2.5 bathroom, in-unit washer and dryer, assigned parking, and have a private back yard. The exteriors feature stucco with rock accents, secure front yard with iron fencing, and fully landscaped backyards with six-foot private wood fencing. The interiors feature shaker cabinets, quarts countertops, stainless steel appliances, instant tankless water heaters, and LVP flooring. The uniqueness of a brand-new build, private front and back yards, on-site parking, and in-unit washer and dryers make this an easy asset to push rents and have very limited vacancy. This is a great opportunity for an investor or for an owner occupant that wants to live in one house and rent the other two. The property is located near The University of Nevada, Reno and Interstate 80, making renting easy due to its high demand location. Investors buying in Nevada benefit from competitive cap rates, rising rental rates, landlord-friendly laws, and Nevada’s lack of a state income tax.